Weda Bay Minerals Inc Message Board

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Gold/Mining/Energy : Weda Bay Minerals Inc

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To: HARLEY II who wrote (36)	10/4/1997 3:51:00 PM
From: Surething	of 98

Dear Harley, This company already has drill indicated reserves of over 25 million tons which grade over 1.5% nickle, and almost .1% cobalt. The Co. is confident they will exceed 50 million tons of drill indicated reserves by year end. I've been following this co. for some time now, and wouldn't be surprised to see the # closer to 100 million tons. From the grades that they are getting, this works out roughly to 120.00 per ton, so you can see that the overall #s are going to be large. If this deposit were in North America, this share at this stage would be trading north of 10.00(Even in this market). I have no doubt that, pending approval of COW, this is going to be a mine. A very lucrative one. Best wishes Surething

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