ECHARTERS Message Board - Msg: 10844831

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Gold/Mining/Energy : ECHARTERS

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To: E. Charters who wrote (3163)	8/5/1999 10:40:00 PM
From: John Menzies	Read Replies (1) of 3744

OK Eric so the market has battered us a bit but that is no excuse to become a cynic. The astroid mining idea is wonferful think about it for a minute. The latest in supply demand management is just in time and proximity of supply to demand. The iron rich astroid could be delivered right to the door of the market - travelling at 23,000 kilometres per hour it could simply be re-routed towrds the earth and gently plonked down right next door to the smelter. With just enough force of impact the body could be fractured into pieces just the right size for the operation. The thought of drilling and emplacing explosives prior to impact is also pretty interesting so that the body "self fragmented". This "Just in Time" approach would supply metal when it was needed, where it was needed. You would also have "take or PAy" contracts - which of course would be very profitable - with the premiums for cancellation increasing exponentially as the day of delivery arrived. Then again maybe it could be called "Pay or Take it" instead - this might be the biggest money earner. I keen await your comment. Regards John Menzies

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