Release: eResearch issues initiating report on Weda Bay Minerals Inc.
Saturday, February 4 2006 - 03:19 AM WIB
In the Report, the Analysts state that, "The Company is fully funded through to completion of a definitive feasibility study". The Analysts go on to say, "Assuming that Weda Bay's feasibility study arrives at industry norm cash costs, at current nickel prices there is a healthy margin for profit. The greatest risk is the medium-term risk that comes from whether or not capital costs, during construction, delay or overwhelm the project's development entirely."
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Weda Bay Minerals Inc. paid eResearch a fee of C$17,000 to conduct research on the Company, on a Single Report only basis. (end of release)
For further information: Weda Bay Minerals Inc.: Patrick Evans, President and CEO, Tel: (416) 670-5114, or e-mail at info@wedabay.com, Website: www.wedabay.com; eResearch: Bob Weir, CFA, Director of Research, Tel. (416) 643-7643, email: bweir@eresearch.ca, and Website: www.eresearch.ca