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Gold/Mining/Energy : Free for all as quebec nickel-copper rush is on
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To: stak who wrote (6)10/12/1996 6:47:00 PM
From: nammir chucri   of 138
 
Hi Scott

Thank you for your informations on St Genevieve/Itec,I don't agree
in part with your analysis on St Genevieve selling shares in Itec in
order to deploy the money in staking in Sept-Iles.Their total budget
for exploration and staking in this area is 1 million and they are
getting 10 million from the sales of their shares in Itec.Anyway
St Genevieve is very enigmatic going lately on a financing and
exploration spree;seasoned analysts have problems following and
understanding this compagny and the market in a way is discouting the
shares due to the complexity and numerous affiliates of St Genevieve.

I have been following Sept-Iles for more 6 weeks with multiple posting
in the news group misc.invest.canada,the interest was very low,people
in this newsgroup were more concerned discussing Quebec/Canada
problems.

The known players in this area are now relatively expensive doubled
or tripled,the one to watch closely is Virginia(VIA-mse)
1-Very good focused manegement.
2-Connections with heavy weights including Barrick,Kennecott,Cominco.
3-Large portfolio of claims with potential even outside Sept-Iles.

Speculative stock to own Sirois(SOI-mse) and Sirois warrant(SOI.WT)
the warrant is valid untill march 1/97,give you the right to buy
the share at 0.55c.

Wild guess on a junior who could have or will have claims in the area
but didn't make it public Orient Res(ORR-mse)
Very heavy volume and increase in the price,is it due to their
propertey in Barry or claims to come in Sept-Iles?

Players more far away but not too much.
First Western Minerals(FW-vse)50%partener with Virginia's Magpy claims
Diadem(DIR-mse)Pekan's claims
Freewest(FWR-mse)Lost Lake's claims.

Regards C.N
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