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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: hank2010 who wrote (33052)	2/16/2007 12:27:06 PM
From: siempre33	Read Replies (1) \| Respond to of 78412

TheGartmanLetter: nickel up 22.3% this yr. ....and this... "..just under 1900 tonnes of free supply, approximately enough to meet the demands of 12 hours of global consumption." cfsfutures.com

To: hank2010 who wrote (33052)	2/16/2007 1:26:58 PM
From: koan	Read Replies (2) \| Respond to of 78412

So Hank, explain to this to me. This is an honest question, not a trick question. Enquiring minds want to know-lol. Hank: "looking at nickel producers who can take advantage of the high prices. FNX produced 2.3 million pounds last quarter (3rd) at a cash cost of -.07 per pound when by-product metals are accounted for. I bought some back to-day." koan: FNX 2.3 million pounds last qtr, stock price $17.90 and 83 million shares out. RNG produces 3.5 million lbs of nickel per 1/4 and 3.5 million pounds of copper has 164 million shares out and is $3.41. RNG will shortly be producing 100,000 of oz of gold. Almost everything is in place. So why is FNX 5 times more expensive than RNG??