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Gold/Mining/Energy : INTERNATIONAL TAURUS RESOURCES INC. (ITS:VSE)
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To: workingclassman9 who wrote (29)6/1/1998 12:43:00 AM
From: teevee  Read Replies (1) of 123
 
Hi,
Did you fellows write travel brochures for the holiday industry? Do you get paid to put out this sort of pablum? Do you have any idea as to how many drill proven deposits are sitting on the shelf and are discounted to zero net present value? Did you miss the paradigm shift in junior resource stocks? If Inmet couldn't lever a $400 million market cap to finance half of Antimina, even if ITS-V can raise some money to firm up some very deep moderate to high grade base metals, how could it finance production? The days of leveraging discounted in ground value via a take over of a junior company for a speculative gain are long over. No major wanted to buy an interest in Antimina by taking over Inmet. Need additional examples? Look at the way Teck extends their exploration budgets by utilizing juniors like Western Copper: and how Rio Tinto recouped some spent exploration dollars by unloading Mexican projects on Western Copper. The smart majors are using the junior exchanges and juniors to leverage their own exploration budgets while maintaining control without the risk of having to pay up, in the unlikely event of making a major discovery. Wake up and smell the coffee boys, or are you hoping to play the greater fool theory and musical chairs in the market?.
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