first quantum minerals FM on TSE Message Board

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Gold/Mining/Energy : first quantum minerals FM on TSE

FM 27.19

0.0%

Jan 8 4:00 PM EST

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To: Patrick who wrote (185)	9/12/1997 1:35:00 PM
From: DRT	of 385

FYI. FM is acquiring an interest in 3 large tailings projects in the Democratic Republic of Congo (EACH PROJECT IS VALUED GREATER THAN ITS BWANA MKUBA PROJECT IN ZAMBIA). Given that International Ballater is halted, its probably a second joint venture with them. Given the country, Gecamines (the state mining company) would also likely be a partner. If its any of the projects that I am aware of, FM has pulled the rug out from some big players looking for properties in that country. I'm sure the availability of project financing was a key determinant... others that have been awarded projects have been slow to finance them. DRT

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