re: broker valuation matrix and school fees, page-5

re: broker valuation matrix and school fees Well done on your success with MRE.....the move this company has had is great for all small to mid cap commodity plays. Called very well on the HC board.

Shareprice has doubled in two months.

Unbrided envy could be another way to express feelings about what great success MRE holders have had.....but very well done.

"Envy" because you guys seem to accept PE's of 7 or 8 as very acceptable and with expectation of shareprices going even higher.

A PE of 7 (and forward at that) would be a dream come true for zinc plays like CBH........also just while we are talking about PE's.....that Inco/Falconbridge comparision reflects is current PE - to be fair the same applied to MRE would have it on a present PE of almost 20 plus.($100.7 m and $26.4 m half end Dec05 - cap now $2.5 billion....and MRE payed little tax)

Anyway I'll leave it there......but I know what I would be doing if I owned MRE (and a shift into CBH - forward PE of 3 - is an option available to you).

MRE today closed $5.20.....and CBH 54.5 cents.