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Gold/Mining/Energy : ZINC The base metal. News and Views. Symbol Zn -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (118)	2/21/1999 3:06:00 PM
From: jack hampton	Respond to of 3270

Reran CLT.... At 45% tax rate, and 4.5% royalty to nana... Output Cashflow after $US20M sustaining capital... $US0.45/lb. $US93M $C1.62/share $US0.51/lb. $US119M $C1.93/share $US0.57/lb. $US145M $C2.53/share Income after tax is not much different. Assuming the rest of CLT is a wash (Highland Valley writedown equals all other streams income, very conservative assumption), and a P/E of 15 which is also modest, I get... $US0.45/lb. Share Price $C21.75 $US0.51/lb. Share Price $C28.50 $US0.57/lb. Share Price $C35.40 I've been buying since $C15.60 a share and don't plan to stop.