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Gold/Mining/Energy : ADRIAN RESOURCES
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To: kfdkfd who wrote (45)2/19/1998 2:24:00 PM
From: david  Read Replies (1) of 56
 
Has anyone heard the inside story on the final feasability study? Iheard that Inmet (the other Joint venture parnter) is still claiming that the project is still not economically feasable but they still see some potential for the future.

I was also wondering if anyone has heard of a potential TOB by Teck. As ADL currently only has a market cap of about $25-30M, it would seem that Teck's best bet would be to buy ADL out at some amount up to $100M in order to obtain ADL's full interest in Petequila as opposed to funding the whole interest but only receiving half the returns. As well, a TOB would eliminate the need for them to make a decision whether to proceed with the project or risk losing their option.

Any ideas or comments?

Thanks,

Daniel
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