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Gold/Mining/Energy : Donner Minerals (DML.V)
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To: David Leadbetter who wrote (6209)7/21/1998 9:38:00 PM
From: G.T.  Read Replies (1) of 11676
 
IS DONNER A GONER ?
It was interesting to see the latest press release with all those intercepts from the 16 holes. Really went along way in proving up that second ovoid that millions have been poured into over the last three years. Seems everyone is still waiting for the drill results from the gravimetric survey. Remember the survey shows where a difference in density lies not that it will host economic intercepts of base or precious metals. It is only one of many tools that can help in finding a deposit. To date the companies have spent more money on promotion than many companies will spend on exploration this year on properties that have returned minable grades.
On the bright side $6 million still to be burnt on drilling. $6 million could buy some good JV's on good properties with good drill results already returned in this resource bear market.
Just a thought from someone on the sideline.
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