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Gold/Mining/Energy : Inco-Voisey Bay Nickel [ T.N.V]
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To: Winer who wrote (182)2/21/1998 10:32:00 AM
From: 1king  Read Replies (2) of 1615
 
Catch the Globe articles on INCO.

It seems as though INCO has underestimated the contribution of nickel to the market by the Russian's (37.2% vs 25% increase). Hmmmmmmmmm! have we heard this recently? Several of my "associates" were on tour of the Norilsk facilities two years ago. They came back with dire warnings "beware of the Russian's". INCO is applying their economic model to the Russian situation so they will be in for a few more suprises. Doug Goold (G&M)suggests we are at the bottom of the cycle. He must follow INCO's economic model as well. The Russian's have far greater stakes (their country) than INCO, and they are able to go much lower. Thus this could just be the middle of the play. Watch the Russian's right up to the EEC agreement.

Same issue: Friedland delivers another sermon from the mount. The rest of the planet should stop being so greedy, "everyone wants 1.5 times their serving of the fatted calf" he tells us. I wonder do these servings add up to Fridland's, Boulle's and Mercaldo's billion servings of the fatted calf.

INCO's Scott Hand is going to NFLD to recant on the smetler deal. I know where this style of deal making originates. INCO is picking up quick in Labrador.

Speculation Section:
Scenario 1
It seems the only way INCO can go about developing Voisey Bay is to divest itself of the Sudbury Basin. Imagine if you will INCO dealing with Falconbridge to operate and maintain the few profitable deposits in the Basin and the milling, smelting and refining facilities. This eases the strong moral socio-economic tie INCO has with Sudbury and allows them to develop the proverbial mining cash-cow at Voisey.
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