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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?

To: tyc:> who wrote (36228)	1/2/2006 1:10:37 PM
From: TheSlowLane	Read Replies (3) \| Respond to of 60903

tyke - I think that number came from Coxe, but I can't find it now, so I don't know if it was in US or CDN dollars. Given the shares outstanding for Teck, that's a lot of cash. There is a good possibility that at least some of it will be spun back to shareholders. I would also not be surprised to see Teck make further oil sands investments. They said, at the time of the Fort Hill project buy-in, that it was the first of what was intended to be a portfolio of projects. It was interesting to see that in his most recent piece at 321Gold, that Harry Schultz is adding here: "As we go to press, gold is testing its 50% retracement level. I am doing some selective buying here in the strongest relative strength gold stocks (like AEM, AAUK, AU, GAM-T, & especially: TEK-T, VYE-T, & YRI-T)." I have never considered Teck a gold stock, as it accounts for only 3% of their revenue (http://www.teckcominco.com/presentations/dl-bearstrns-08dec05.pdf).