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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Elizabeth Andrews who wrote (23508)	11/4/2003 7:00:30 PM
From: GeoDude	Read Replies (3) of 39344

Yup the old rule of thumb works as you proved: 2% NSR = 10% NPI (carried?) So BHP values the project at US$380MM in 2003 money. I wonder why so low ... They put their interest out for sale ... highest bid is $38MM and IVN matches through a "right of first refusal". Hmmmm is that the same Friedland that promoted the Galactic Mine in Colorado (or am I way off base) ... before looking for diamonds offshore Africa and stumbling on Ni-ore in Labrador ...

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