TITANIUM CORPORATION INC.- The Next Major Mining Play Message Board

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Gold/Mining/Energy : TITANIUM CORPORATION INC.- The Next Major Mining Play

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To: rdww who wrote (274)	9/1/2000 5:47:26 PM
From: Bruce Robbins	Read Replies (1) of 343

rdww, Apart from being a precious metal bug/prospector/geologist I am also an industrial minerals geologist (I am presently working on the definition a talc deposit for a large company) and NRL interested me because I have evaluated Ti sands in the past. I have also watched many junior mining companies try to get into the industrial mineral game and fail (check Orleans Resources and the wollastonite fiasco). The point I am trying to make is simple: in industrial minerals the company must sell and market the product before even thinking of mining/reserves- that is my experience. Sounds kind of backwards doesn't it. The consumers of these products will substitute or go elsewhere for their product over $0.10 a tonne. I have worked for large companies that have marketed and costed a product that had not even been drilled yet. Once the market/cost was established, the drilling commenced. This is why the big mining companies can make it work and the junior's can't. The big guys can take a loss for 5 years to establish the market (in a competitive market) in order to get a 75 year thing going. Check Noranda and Magnola (magnesium) to see what I mean... As a prospective shareholder, what can the company do to increase the value of my investment- I see nothing right now. They are spending money, and will continue doing so meaning more financings and stock dilution. I know that the reserve doesn't count unless you can mine and sell it. If NRL can prove that to me (with a JV, contracts or positive feasibility), then I will see a reason to invest. For now, I see NRL as an over-priced stock that can not generate enough bang for my buck. Bruce

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