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Gold/Mining/Energy : Darnley Bay Resources - DBL. VSE

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To: Grant Baker who wrote (17)11/1/1997 6:43:00 PM
From: Eric Rojas  Read Replies (1) of 221
 
Grant, Ghunk, Vaughn or anyone, interesting thread this one, I also like to do a lot of DD before I pull the triger, if anyone here knows the answer of the following; I'll appreaciate some comments(before I call the company):

1. Is there any wild speculation on the size of the elephant to justify the investement they intend to incurr?, I understand that puting up a mine at that latitude is very expensive(e.g. Falconbridge's Raglan mine is almost a billion dollars...., it gets very expensive up north)
2. Do I read correctly thast there are 6 million shares fully diluted?
3. I see no drilling until next spring probably, what do you folks think will keep the stock price up during the winter months?
4.How long was this company in existence before becoming public?
Thank you all,if I decide to call the company I'll keep you posted on additonal facts.
ER
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