T.ITE: iTech Capital (TSE) Message Board

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Gold/Mining/Energy : T.ITE: iTech Capital (TSE)

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To: Condor who wrote (2417)	11/23/1999 10:00:00 AM
From: keith massey	Read Replies (1) of 5053

Condor Great find on Loma de Niquel. Just add it to the good news pile <ggggg>. I remember when the company holding Loma de Niquel got bought late last year but I didn't know they were this close to getting the mine up and running. I don't want to guess at valuations...however Paul Sarnoff's said in his write up two years ago that at a nickel price lower than this JDX would get a cash flow of $6.5 mill. a year for 20 plus years for their 7.5% interest. Based on 1.6% that is $1.4 mill. a year. Most of the Greenline buys today are me <ggg> Best Regards KEITH

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