NEWS RELEASE FROM PRICEWATERHOUSECOOPERS

British Columbia’s mining industry posted another year of record financial results in 2006, driven primarily by increased global demand and higher coal and metals prices. Net income reached Can$2.35 billion in 2006, up 27.6% from $1.84 billion in 2005—the highest level in the 39 year history of PricewaterhouseCoopers’ (PwC) annual survey of the B.C. mining industry.

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Not being a financial wizard. I have never really turned my mind to the concept of Net Present Value (NPV). I have always been amazed by what happens when you take the NPV past thirty years: everything Is free? So I cannot resist quoting the following from somebody whose work I admire and with whom I communicate.

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