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Gold/Mining/Energy : Canmine resources

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To: Marshhawk who wrote (1783)	8/26/1999 5:32:00 PM
From: dave brown	Read Replies (1) of 2769

No time these days to jump in, but a lot of your questions have been answered in the past with a positive outcome, with the exception of capital cost for a new smelter. The smelter forms the basis of the dispute between Inco and Tobin. Its cheaper to ship to Brazil for smelter than Sudbury, but still feasible. Remember a $3/Ibs Ni has many advantages to a producer just the same. Voisey was bought with mostly stock. So your interest/opportunity slander doesn't hold water. By the way, Canmine haven't discovered a new nickel deposit as I recall to get anyone upset. They purchased an old Falconbridge give away. Should see how many of these Canmine type deposits are sitting in the files at both Inco and Falconbridge. As for Binco, the last round of deep drilling came up with as a duster. So, the area has good potential but still requires a lot of work. Good luck! Got to run, TTFN

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