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Gold/Mining/Energy : Inco-Voisey Bay Nickel [ T.N.V]

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To: Terry J. Crebs who wrote (97)11/10/1997 1:06:00 PM
From: Cumbrian  Read Replies (1) of 1615
 
INCO Indonesia is as good as shut down, cut backs to production due to the drought were noted in the 3rd quarter report. The short term future for nickle does not look good I would not be surprised to see a production shut down at the Ontario and Manitoba divisions. The delay of one year in the Voisey Bay development has given some other startups (some 7 of consequence) new life, indeed it appears that 3 of the seven may not have happened at all if the east coast time table had not been knocked back a year. I have seen some estimates of voisey bay putting INCO into the $9 per share profit area (this is of course in a perfect world) at even close to this level it looks like a good long term buy?
Geoff.
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