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Gold/Mining/Energy : Twin Mining (formerly Twin-Gold)
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To: Letmebe Frank who wrote (320)2/26/2002 2:05:34 AM
From: Artie  Read Replies (1) of 613
 
Hello Frank - Good question. As of December 31, 2001, the land outlined and named Jade Corridor on the Mag Location Map (p.5) that is not controlled 100% by TWG was open for staking. I don't know whether it has been acquired by anyone since then. You can find that out from the Mining Recorder: "Caroline Curtis" <curtisc@inac.gc.ca>
As far as I can tell, all the new land acquisitions in the area (see p.6, Feb 18-24 Northern Miner) are prospecting permits which can only be granted in areas where no valid claims exist. The ground open in the Jade Corridor would have to be acquired by staking.

Why there was (or is) so much open ground adjacent to a major diamond discovery is part of the "enigma".

When you get to the "more later" in your post - take a look at the 3rd paragraph from the end of the "Message to Shareholders" (p.3 of the 2001 Annual Report) for questionable substance (and syntax).

The essence of TWG is spelled out in the MD&A (p.13) and the Notes to the Financial Statements. Both are free from bafflegab and euphemisms. It is interesting to compare the first paragraph of the MD&A with the first paragraph of "The Breakthrough Year" (inside front cover), they say the same thing without the spin of the latter.

TWG's land at Jackson Inlet appears to have potential for an economic diamond deposit. The company is currently capped at $40 million - a favorable milestone on John Kaiser's "Diamond Exploration Cycle". This is not reflected in the market price of its shares - another part of the enigma by any definition.

Artie
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