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Gold/Mining/Energy : Rubicon Minerals
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To: Joey Two-Cents who wrote (154)12/25/2002 12:28:10 PM
From: Enigma   of 470
 
The Adamson interview was very interesting and drives home the point that the emphasis is RED LAKE. This play has taken them 6 years to assemble. Interesting that this is Anglo's first j/v in North America and that they are 2 years ahead of schedule in earning in into their j/v with Rubicon.

Problem for Rubicon - how do they maximise shareholder value re Newfoundland as it can be argued that there is zilch value in the share price for that part of their portfolio. For example, Altius with inferior holdings there and nothing to compare with the Golden Promise drilling results is trading with almost the same market cap as RMX!! This is a strong secondary argument for buying RMX here IMO.

Happy Christmas to all.
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