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May 29, 2008 Dear Friend, Attached is a commentary on FNX Mining's cost guidance and exploration update today. It guided to full year costs down about 20% from 1Q08 levels, which is favorable. We encourage any of you to "reserve" one-on-one slots for our November 12 program again at the New York Helmsley at 212 East 42nd Street. Our tentative agenda of 14 companies includes Worthington Industries, UTS Energy (Teck Cominco's equal partner in Alberta oil sands), Teck Cominco, Agnico-Eagle Mines, Hecla Minig, Coeur d'Alene Mines, Thompson Creek Metals, Mercator Minerals, Creston Moly, Taseko Mines, Quaterra Resources, Ore Zone Resources, Verena Minerals and Solitario Resources. Our March 31, 2009 conference also at New York Helmsley at 212 East 42nd Street tentatively has reserved Barrick Gold, Virginia Mines, FNX Mining, Skye Resources, Duluth Metals, Polymet Mining and Franconia Minerals. We hope to include a slate of 18-20 companies at each conference concluding with a "geologists over beer" format after 5 pm with presentations concluding towards 9 pm. We look to add a few more companies to each agenda. Again all will be webcast. Faithfully yours, John C. Tumazos |
Copyright © 2008 John Tumazos Very Independent Research,
LLC
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