Twin Mining (formerly Twin-Gold) Message Board

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Gold/Mining/Energy : Twin Mining (formerly Twin-Gold)

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To: Valuepro who wrote (511)	6/25/2002 2:53:16 AM
From: VAUGHN	Read Replies (1) of 613

Hello Valuepro The market would certainly appreciate it, but I, and I suspect Rio Tinto & DeBeers would be more interested to hear that ground crews had commenced drilling those other ten magnetic anomalies. I suspect the market would be more rewarding when hopefully intrigueing findings start flowing from the establishment of the potential of those other pipe targets (expanding the economic base of this deposit and possibly increasing the overall grade). What are the odds that FT, the first of over 15 known (probable) pipes to be sampled, had the highest grade, coarsest average grade and highest quality goods hence most valuable ore? Are the odds reasonably good that one or more of the other pipes has even more attractive numbers?! Regardless, if only 8 of the 15 prove to have similar numbers to FT's and it took 20 years to mine FT out, what would the life of a JI mine be with 4 more similarly sized and grade pipes and 4 of assorted sizes between 10 and 2 hectares? What is the acquisition potential and/or what would the multiple the market would assign a free market Canadian diamond mining company's stock with a mine life not of 20, but of well over 100 years, when all major pipes have ore depletion lives of less than 20 years, many within 12 years and almost all lying within 3rd world countries where assurance of tenure is less than predictable? Even new mines like Elendale, Ekati & Diavik will be depleted over the next 20 years. If TWG proves up interesting numbers for those other targets... Regards Vaughn

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