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kipp440

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kipp440

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Monday, 12/04/2006 11:00:50 AM

Monday, December 04, 2006 11:00:50 AM

Post# of 173801
RNO - New Research Report $3.70pps target

http://research-ca.bmocapitalmarkets.com/documents/1249C812-5DD5-497C-A32A-932C85C0F3F8.PDF

I can't believe the future price these guys project for nickel:

" Rio Narcea shares are now trading at a 3% discount to our 10%NAV estimate of US$2.70 at nickel prices of US$11.02/lb in 2006, US$12.50/lb in 2007, US$8.50/lb in 2008, and US$4.30/lb in 2009 and the long-term."

Kipp





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