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Industry Bulletin - Analysts too low on metal price forecasts

posted on Feb 07, 2008 05:29AM

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."

Please click here to view the article in its entirety.

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.