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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: Ditchdigger who wrote (6877)	2/18/2005 11:16:32 AM
From: Ken W	Read Replies (1) \| Respond to of 23958

Ditch BHMNF is kind of a sideline play to the sands development. Since they own the leases at Ft. Murry and Hammerstone it only makes sense for the producers to use Birch's quicklime for "boiling down" the heavy sands and their gravel aggregates to build the roads...it's all right there...cost for aggregate to mine and haul is about 4.50 per ton. Selling aggregate to the oil companies for roughly 9.00 per ton...The quicklime is even higher margin. Just to be honest here, I've traded Birch from 2.00 to 2.40, then bought it back at 2.06 to hold for 9 months to a year. There is analyst coverage on the company in Can. with a price target of 9.00 CD...what ever that is in USD...LOL Ken