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Gold/Mining/Energy : no brainer trade suggestions, in gold and natural resources -- Ignore unavailable to you. Want to Upgrade?

To: luds who wrote (4)	12/10/2006 4:51:28 PM
From: tyc:>	Respond to of 16

My suggestion as a No Brainer is Rio Narcea (RNG.to): Message 23068111 In that posting by LC, the writer says that at current metal prices the Aguablance nickel mine could yield operating cash flow of close to $200 Million next year. Add to that about $40 million from the Tasiast gold mine that will start producing in the second quarter. So we might expect more that $200M in operating cash flow next year; Total market cap is currently ~C$500M. Moreover, RNG's recent purchase of a significant share holding of Chariot resources (CHD.T) suggests where that cash flow might well be invested (compounded?) in the future. All this in addition to a major exploration effort close to existing mines... and a significant claim for >$200M against the Spanish government.