DUMONT NICKEL (DNI-M) Message Board

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Gold/Mining/Energy : DUMONT NICKEL (DNI-M)

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To: SSP who wrote (177)	7/1/1999 11:33:00 PM
From: Brumell	Read Replies (1) of 236

Now that Dumont's drilling program is underway, maybe it's a good time to look at the situation and ask some questions. Looking at Falconbridge's Raglan properties, we can see a line of several ore deposits ending with the Donaldson deposit located only 1000 meters or so from Dumont's property. The Donaldson deposit is estimated at 3.5 million tons running 3.75 Ni., .83 Cu., and 6.6gms/tonne PGE's. Ballpark, gross metal value would approximate $1 billion. Considering the nature of the deposits, and that mining infrastructure is nearby, we can see the stakes are high... very high for Dumont shareholders. However, seems to me there are some questions: 1. Why didn't Falco acquire the property? The Raglan camp is not a new discovery. Surely they could have acquired it if they wanted it. 2. Canaccord Capital mentions in their Morning Coffee that it was formerly believed that the Raglan structure ended at their property line. Why did they think that and what has happened to change things. Seems to me we need some answers to these questions before we can assess risk vs reward. I've heard some partial answers. Maybe someone has more details they can share. Bob

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