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To: Claude Cormier who wrote (55536)1/18/2008 2:05:06 PM
From: Zincman  Read Replies (1) | Respond to of 78417
 
Yes. Sure hope no news today... lol

Good news, on good mkt day sure makes for a better run.

Thanks Claude,
ZM



To: Claude Cormier who wrote (55536)1/22/2008 5:41:32 PM
From: loantech  Read Replies (1) | Respond to of 78417
 
Claude it appears s though CPQ dived on more than just a weak general market as we got little bounce today and then sold off:
CPQ - V 2.9 2.65 · 2.69 0.4 2.65 -0.05

Is the market disappointed in the 1 g/t hole even at 200+ meters?

Will be 5-6 weeks before more drill news I would expect?



To: Claude Cormier who wrote (55536)1/22/2008 6:05:37 PM
From: tyc:>  Read Replies (1) | Respond to of 78417
 
It was Bill James, (see Canadian Mining Hall of Fame) who first used the phrase "company maker" to describe a major ore-body (Antamina) .

My enthusiasm says that El Morro could prove to be a similar "company maker" for Metallica as Antamina might have proven to be for Inmet IF Inmet could have provided its share of capital cost.

The capital cost of Antamina (~2.5 billion) is comparable to that quoted for El Morro. However, Xstrata is committed to provide most of Metallica's share of the capital cost, leaving Metallica to provide only 9% of the total, a mere $200,000,000.!

I wonder if you would express an opinion as to whether Metallica might be able to provide that financing, or whether, like Inmet it will probably be obliged to dispose of its equity (30%).