Darnley Bay Resources - DBL. VSE Message Board

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Gold/Mining/Energy : Darnley Bay Resources - DBL. VSE

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To: Willithit who wrote (93)	10/6/1998 8:02:00 PM
From: Grant Baker	Read Replies (3) of 221

Hi Will. Looks like that drop to $.23 the other day might have been a technical aberation - it was on low volume and not ultimately sustained. Share price of late seems to be firmer and returning to former levels. DBL does get Falconbridge expertise, but it doesn't come cheap! The way I read it, Falconbridge gets 51% of the most promising prospect, which when the Inuvialuit percentage is included, could mean that DBL has significantly less than a 49% share of that particular piece of ground. DBL gets to share exploration costs on the rest of the property with Falconbridge, but lets be honest - the most promising prospect is likely to be where the mining initially takes place (if at all). Everything else would probably just feed the mill that would be built on the site of the most promising exploration prospect, and Falconbridge will own the largest percentage of that. Don't forget, Falconbridge got all of that for only $250K - not a bad deal if you ask me! Just my read on things.... Having a Major involved in a project is no sure ticket to success. It is likely that it will still take several years to prove up this project. I'm in no hurry to rush in just yet! Grant.

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