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cliffvb

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cliffvb

Re: cl001 post# 75652

Tuesday, 07/03/2007 8:58:47 AM

Tuesday, July 03, 2007 8:58:47 AM

Post# of 174031
Miner buyout...Teck is paying $4.1 Billion for Aur which produces 200 mil lbs of copper per year. Right now, QUA produces 125 mil lbs of Copper per year and has a $700 million market cap (includes the recent secondary). So QUA currently produces 63% of AUR's production with only 17% of the market cap. By the end of next year, QUA will have the Carlota mine in production and will then also be producing 200 million pounds of Copper per year. It will be a great day for AUR but should also be a pretty good trading day for QUA.
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