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Gold/Mining/Energy : Western Copper Holdings Ltd. T.WTC -- Ignore unavailable to you. Want to Upgrade?

To: jack marshall who wrote (380)	9/29/1998 12:16:00 AM
From: teevee	Read Replies (1) \| Respond to of 401

Hi Jack, Antimina is a big bite for a company of Teck's size. Their sales, if I remember correctly were only $650mm last year and are sure to be less this year. Apart from the cash received from issuing the "Inco" debenture, I expect that Teck will have to raise some money sometime in the near future (1999 sometime?) to cover their 25% of capital costs. No doubt they are praying that commodity prices and their share prices will be higher at that time. I concur with your comment on Heathe Steele, Brunswick and Kidd Creek. I won't consider owning any of these stocks until Antimina is up and running. Besides, there are better priced and leveraged ways to play non-ferrous base metals than owning shares in these companies. regards, teevee