Inco-Voisey Bay Nickel [ T.N.V] Message Board

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

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To: Francis R. Biscan Jr. who wrote (240)	5/6/1998 10:02:00 AM
From: 1king	Read Replies (4) of 1615

Francis, I am not that familiar with the company as they are relatively new. I do know that they are involved in an African property in the Ashanti area. Re: the deal with INCO I never saw the fact that INCO dealt the property from Abitibi-Price. There are a lot of fingers in that pie. I sense INCO will have Barrier work the property in the short term while INCO has "ceased" much of their exploration programs. If the results are favorable INCO gets some control back in two years (plus the A-P NSR and stuff). Note that Barrier can only earn the INCO portion not the A-P portion. Again the PR of 100% is misleading. I really cannot see where Barrier will come up with the money for this program. They recently had a pp at .40 for 275,000. The work to date on the property consists of airborne geophysics. The follow-up of several anomalies indicated "Kidd-Creek type rocks". That is all I can tell you. 1King

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