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Frank Pembleton

06/10/05 3:55 PM

#13614 RE: Canuck Dave #13611

I like Northern Orion, the weakness is from yesterdays PR-- it's just like a couple of years ago-- as soon as you put out a timetable for production the market punishes you. It's like management is calling the top of the commodities cycle by selling their reserves here at this point in time.