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cliffvb

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cliffvb

Re: arnie70 post# 31684

Friday, 12/30/2005 8:06:24 PM

Friday, December 30, 2005 8:06:24 PM

Post# of 173859
TGB, I was impressed with the way that the CC was handled today.

They have no hedges and so they should be making a bundle in the coming year with high copper prices expected to continue. Cost of production is also expected to decline significantly in 06. The proposed refinery will be built with debt and cashflow not through equity dilution. Reserves have increased substantially and the value of the prosperity reserves are not yet recognized by the market.

I would not be surprised to see this one head back towards $2 over the next few months (vs $1.22 now).




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