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October 28, 2008 We currently have 7 one-on-one meetings scheduled for Mercator Minerals, 8 for Teck, 4 for Thompson Creek Metals, 4 for UTS Energy, 5 for Agnico-Eagle Mines, one each for Taseko Mines, Quaterra Resources and Entree Gold and none for Coeur d'Alene Mines, Duluth Metals, Creston Moly, Solitario Exploration & Royalty and Galway Resources. Please let us know if you want to schedule one-on-ones, as some of the companies may take earlier flights home or other plans if their time is open. Separately for our "out-of-state" clients, please let us know if you would like any of these companies come to your own offices. We aim to please. The attached report on Plum Creek focuses on the likely gradually shrinkage of the company as it buys back stock and buys "small parcels" of land available on cheaper terms rather than premium priced large competitively auctioned parcels. The 26 year lows in housing permits and $225 low framing lumber prices are poor indicators for 2009 log prices and volumes. Faithfully, John C. Tumazos |
Copyright © 2008 John Tumazos Very Independent Research,
LLC
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