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


To: Ed Pakstas who wrote (248)2/28/1999 12:29:00 AM
From: Garry R.  Read Replies (1) | Respond to of 385
 
Ed,

Thanks for the update!

I am waiting for the year end numbers to come out.
Based on the production numbers released in the fall,
should be a good year. I don't understand why the share
price is so low...I am hoping it is just "no news is
bad news" and a low IR presence.

Would be interested to here anybody else's opinion of
this company!

Regards,

Garry




To: Ed Pakstas who wrote (248)9/28/1999 12:16:00 PM
From: keith schaefer  Respond to of 385
 
Ed, I know this stock has had a run up from 80 cents in the last month, but I still like it a lot here. Geoff Chater has joined the company doing PR, and while he's a geologist and not a promoter, he does have great respect among brokers and analysts.

It's clear from talking to Geoff that the fundamentals of this company are getting better and better - the copper they produce now has zero cost as they are selling the sulphuric acid they produce to other mines, negating their cost of production. This recent gold spike is great for them as they are totally unhedged. Their gold production is small, however, the copper is the real cash cow. Operating costs for their gold mine however are well under $200 an ounce now.

Fundamentals are great. There may or may not be any more acquisitions pending.