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International Investing / Australia (All-Ordinaries)


Subject:  Re: Normandy Date:  2/20/2000  7:45 PM
Author:  demiller1 Number:  1151 of 6186

DO NOT jump into Lihir at present as there are more problems under the surface for this company than has been reported.

The merger with Nuigini will not get this company out of the quagmire and those in the know are aware that the huge cost of production means that the PoG must be at or around US$350 per ounce for any semblence of a profit.

Buyer beware!

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