Canada: The Windfall That Fell

When a rich lode of copper was discovered at Timmins in Ontario last April, the news set off a wild rush of speculation in Canadian mining stocks. As prospectors staked out some 8,000 claims in the Timmins area, penny stocks became dollar stocks on the Toronto Exchange, and paper fortunes piled up almost overnight. Though most of the glory and the proven reserves belong to the lode's Yank discoverer, Texas Gulf Sulphur, Canadians were particularly pleased when one of their own companies seemed on the verge of its own strike. It was only a small company with a long-shot name—Windfall...

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