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Gold/Mining/Energy : TITANIUM CORPORATION INC.- The Next Major Mining Play
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To: russet who wrote (276)9/1/2000 10:11:37 PM
From: Bruce Robbins  Read Replies (3) of 343
 
russet,

At 0,65 it's hard to go down when you have some reserves <g>. War of attrition... IMO Tiomin had a crack at Natashquan- this isn't any different. Perhaps they did not learn the lesson from that... they are still doing things backwards. Look at Mazarin for someone else who has not learned their lesson (mind you they were smart enough to defer some of their exploration costs on the Lac Knife graphite by doing a JV). Tiomin does not have the agreements, they don't have the connections and until they get them, the sand is worthless. I'll remind you guys that these commodities are FOB. I'll also remind you that QIT has looked at all of these (Kenya and NRL sands) before. Not good enough for them for a reason- market is not big enough. IMO Tiomin was better off in Quebec- QIT and their Ti plant is nearby (owned by RTZ). Of course they are keeping the reserve for as long as they can, and trying to increase shareholder value by coming up with another. Too bad these won't be mined for 20 years. The Chinese might have something to say about titanium if the price ever moves... They screwed graphite, REE, mercury, talc, wollastonite etc.

Bruce

EDIT russet: playing Ti is like playing an illiquid stock- you know what that is like (or like selling a painting). When you mine gold or platinum it is like playing a DOW stock- very liquid.
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