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Gold/Mining/Energy : Canmine resources

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To: dave brown who wrote (1855)	9/10/1999 10:26:00 AM
From: Ralph Kern	Read Replies (1) of 2769

Insider report on SEDAR contains no insider selling for months. I think that is a not a huge issue. Bigger issues in my mind are: 1. timetable for cobalt production 2. technical solution(s) for Maskwa deposit 3. BINCO I am hopeful that by the AGM we will know more about where CMR is going. I am not as concerened about a few shares here and there. I think you are right about PGM's. I wouldn't underestimate INCO, Falconbridge or even Norilsk. They are cooking quite the scenario. Thompson strike positive for nickel prices. Is Norilsk overstating ice problems? Sounds like a squeeze play on the laterites by the pros. They are forward sold at 2.00 and have no product. Even Anglo admitted that Murrin Murrin is a crap shoot. Today Y2K issues with respect to metals raised in the Globe and Mail. ?more oil on the fire. See the events under the surface, they are interesting. The current in the stream is strong, and I hope that Canmine can swim with the big fish. I guess time will tell. Ralph.

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