one for investors?, page-3

Hi Tas

Thanks for the reply.

I feel a bit confused now about the value of the Lady Loretta deposit.

Noranda drilled the deposit for 2 years and subsequently
exercised their right in Dec 02 to acquire 75% and paid $21 million for it.

I can only assume that if they considered it only
marginally economic they would not have exercised their
option.

They must be comfortable with the metallurgy.

Metal prices have improved. Noranda have been around
for a while and they know a bit about zinc mining.

I suppose time will tell.

I'd love to know what motivated RCDCAC to select Buka
as a vehicle with which to engineer his return to mining.

regards

raico