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Gold/Mining/Energy : Twin Mining (formerly Twin-Gold)
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To: bill who wrote (98)1/24/2002 12:52:44 PM
From: VAUGHN   of 613
 
Hello Bill

I wouldn't just watch... BHP thinks enough of MGJ/SUF's Misty Lake NWT claims to spend time and money exploring them. What does that tell you?

That aside, MGJ have three other plays that to one degree or another offer discovery and serious speculative potential.

Other than Misty Lake, the play most likely to garner market attention this year and possibly incorporate a major discovery are the Sarah Lake claims north and east of DML & Falconbridge's SVB claims.

These received significant speculative attention several years ago before Innu land claims froze further activity. The claims are now settled and Falconbridge is on site this spring with a major exploration program. Some extremely attractive drill cores were previously pulled and the hunt this summer will be on in earnest.

DML, MGJ, NAI, CYP and Latitude all shot up in that last program and now that Falconbridge thinks enough of the claims to get in, you can reasonably assume that speculation will again visit these players. DML hold the largest % of the largest block, but MGJ had the best looking geology and intercepts in the last go-round.

They also have a Zinc property that is looking increasingly attractive but my money is on Misty Lake and Sarah Lake to draw speculative interest this year and possibly incorporate a discovery.

DML & MGJ web sites have good maps, graphics and data and archived news releases & charts should provide you with a glimpse of the potential here.

In my opinion, MGJ is more speculative than TWG as nothing substantial has as yet been found, but the fact that BHP and Falconbridge are spending time and money gives me some modest degree of optimism.

Regards

Vaughn
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