Dear Shareholders,
In an effort to keep you up to date on all pertinent information regarding the resource sector, please see the attached financial post article.
John Morrissy of Canwest News Service states, "Most mining analysts are off the mark in their repeated predictions of a sharp decline in metal prices," the report said. "While analysts are wary of straying too far from the comfort zone of historic averages, the mining companies are taking a far more realistic view."
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Analysts too low on metal price forecasts
No Decline In Sight
John Morrissy, Canwest News Service
Published: Thursday, February 07, 2008
OTTAWA - Mining analysts are getting it wrong on metals, says a new study by Ernst & Young that argues current pricing is a return to sustainable levels after a lengthy period of artificially depressed values.
Regards,
AGORACOM Investor Relations
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