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Gold/Mining/Energy : TITANIUM CORPORATION INC.- The Next Major Mining Play
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To: Winzer who wrote (177)12/8/1999 8:02:00 PM
From: chevalier  Read Replies (1) of 343
 
2 very important points that I feel need to be made:

1) in no way does the viability of the deposit depend on SYSCO. While a relation makes sense for both parties, the property stands on its own. A concentrate could be produced like most of operations around the world. Or the material could be shipped to a furnace elsewhere in the world to be processed into a slag and pig iron. For example there is a company in Norway called Tinfos which has a massive furnace that was recently expanded in anticipation of feed material that it was promised from an Australian deposit owned by BHP. In the end, it turned out that the BHP material's mesh size was not up to standard and the deposit has since been written off I believe. Now, Tinfos is operating well under capacity using what little scrap material it can get. There is no reason to believe that the Shubie deposit material couldn't be shipped to Norway from the Sydney port; distance is much shorter from Canada to Norway than it is from Australia. This is pure speculation but a possibility once the metallurgical questions are further answered.

2) I still believe as you do that the SYSCO situation is far from over and I wouldn't be surprised if more potential buyers enter the picture as time goes on. SYSCO is a state of the art facility which is contrary to the picture that has been painted. This is a soap opera to say the least.

It looked like a sellout at PI today, volume was very nice to see.
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