Donner Minerals (DML.V) Message Board

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

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To: mineman who wrote (6201)	7/21/1998 2:30:00 PM
From: 1king	Read Replies (3) of 11676

Mineman, You said Castle Rock, Cartaway, NDT, spent $150 mil. and found nothing! $15 mil. (10%) by Teck does not indicate their results will be different. Now you say the entire exploration budget was only 160 million for every company sans INCO You catching on here. Your numbers, lets call them "gross exploration expenditures" are incorrect, misleading and generally meaningless. The following logic: A spent X found 0 therefore B must spend X+1 to find anything is now added to the basket of gold equivalents and gross metal values. Don't give up trying though. Your simplification to the point of misinformation is common in this business. 1King

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