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Gold/Mining/Energy : first quantum minerals FM on TSE -- Ignore unavailable to you. Want to Upgrade?

To: Francis Scavo who wrote (241)	7/24/1998 2:58:00 PM
From: Claude Cormier	Read Replies (2) \| Respond to of 385

<<Which makes the copper only half the ave. Since colalt is a by-product of copper or nickel, the price will depend on how many new mines open up in the coming years. >> Well I used US$10 for CO but it is really above US$20 now. Supplies of Cobalt will increase big time between now and early in the next century thanks mostly to Tenke Mining. Still demand is also growing in a major way. Nobody expect CO prices to stay at US$20+, but nobody expect them to drop below $US10. In fact all will depends if FM can get high recovery rates on the CO. If so, these deposits will be much more profitable than Bwana Mukbwa.