Free for all as quebec nickel-copper rush is on Message Board

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Gold/Mining/Energy : Free for all as quebec nickel-copper rush is on

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To: go4it who wrote (113)	12/17/1996 2:26:00 PM
From: nammir chucri	of 138

Charles,according to Ms Poitras the last two rounds of financing did only gather $6 million on the $10 million requested due to poor market conditions at that time,meanwhile they have largely increased their claims and feel it is the right time to tap the market in order to have from now the funds for the summer drilling campaign on their Sept-Iles claims and other exploration properties. As for Grand Sud and Auclair properties,they are doing 50 holes,and results are expected around january 15. My feeling,is they do expect the market for financing exploration minerals compagnies to be poor in the near future and now they do have the opportunity to lign this financing and would'nt like to miss it. The usual pattern,as the price stock reach a certain level,you see the promoter getting out and reaching the cash,they can't control themselves and build value for their shareholders,dillution is the name of the game,lets hope they will use the funds in a productive way and find something,or perhaps will be to old before we see a mine. Regards C.N

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