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Gold/Mining/Energy : SRU-ASE : STARFIELD RESOURCES
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To: Elizabeth Andrews who wrote (798)2/25/2000 1:11:00 AM
From: CIMA  Read Replies (1) of 1239
 
I concur that there is a good chance of an Canada/U.S. PGE frenzy later this year. Should it occur, I think SRU will share in that frenzy.

Your statement that majors have given up on this property is factually incorrect. There are several majors following this program. IN FACT, I was in the SRU office three weeks ago and was ushered out prior to an important meeting with a major! There have been visits to the property by majors and/or their representatives. The only major to my knowledge that may have given up is INCO but that is arguable. Many geologists have pointed out that INCO appears to have read the property wrong in the fifties. Additionally, why did INCO force Starfield to pay for the fifties data in both cash and shares PLUS demand a right of first refusal on certain concentrates before handing over the data? And this was after a year or so of negotiating! If INCO thought this was a throw-away property today why did they bargain so hard?

I agree that the lack of infrastructure is an initial problem. However, if the economics are there, the Nunavut government (with possible federal assistance for the new territorial government) is rumored to have indicated it may assist in the building of that infrastructure.

I respect your opinions Elizabeth, but unsupported opinions presented as fact are not fair IMO.
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