Tambourah Metals Ord Shs T.TMB.W

November 21 st in Review

[Lash99]

Well it's started. The coalition for fair lumber imports in the U.S. filed a petition claiming damages last week and the futures popped. So what we are going to see is more volatility but a lot more speculative and aggressive buying from the wholesale and distribution community. We should see continued strength in prices from the futures this week and it will compliment the pricing of lumber as it should continue to rise. Order files for most mills are being pushed out to week of December 12th and I believe we should see another pop that will really get lumber going this week. Now Tembec has a bunch of moving parts with lumber being just one of them , however it will be some time before we see a duty whereby Canada is being penalized and Tembec will benefit for sure in the short term , that is for the next 3-6 months. The other thing is all mills in Canada selling wood to the U.S. are benefiting from the weak Canadian dollar. Tembec is in a great position to do very well for the next 2 quarters on the lumber side. i will try to give an update mid week as this week is crucial to a great bottom line in lumber for the financials in January. It's been great to read the posts this week and I just want to say Thanks to all for sharing. Lash