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Gold/Mining/Energy : Free for all as quebec nickel-copper rush is on
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To: stak who wrote (95)12/8/1996 6:09:00 PM
From: nammir chucri   of 138
 
I spoke one week ago to Mr Doucet about Sept-Iles;according to him
nothing will be done in the area in the near future due the backlog
in the delivery of clear titles for the claims,up to now on the more
300 claims Sirois has stacked,they have received clear titles for
only 69.This delay is the main obstacle for alliances and joint
venture,and is taking its toll even on the share price.
As for Sirios,they did have their annual meeting Dec 5th,I wasn't over
there,but at the same time they did a private placement for $1 million
amount to be spent on their winter drilling program,moreover Mr Doucet
is taking the marketing and promotion of Sirios personnaly in hand,as
he do feel that Sirios is clearly undervalued,and I think he is now
in the USA at the San Francisco Conf. trying to bring the attention
of USA investors on the prospects of Sirios.
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