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Gold/Mining/Energy : Donner Minerals (DML.V)

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To: Alfonso Agostino who wrote (2955)1/15/1998 9:52:00 AM
From: Karl Zetmeir  Read Replies (1) of 11676
 
There's a major difference between a producing company and an exploration company.

The exploration companies ... if they find a mineable resource ... essentially got that resource at a very low cost. A producing company, INCO for example ... paid dearly to acquire Diamond Fields.

The net result is the big money to be made was in DFR (which I was not! waaaaaaaaahhhhhh!) INCO got a sure deal ... and consequently the return to them in terms of percentages will probably be much less than those who took a risk on DFR.
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