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Gold/Mining/Energy : ABER RESOURCES
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To: teevee who wrote (804)11/6/1998 12:13:00 PM
From: Lorne  Read Replies (1) of 2006
 
Am I missing something here? You don't dive into the tangled world
of regulatory approval on a project that you aren't 100% sure of, do
you? You aren't able to raise well over $100 million for a mine
that's at least 2 years from production if there's still a question
about it's viability are you? As far as the argument that an
unbelievable find at Snap automatically kills Diavik, well I'm sorry
but I don't follow the logic. If a project of any kind in any
industry is economically viable then it will go ahead regardless of
the proximity of a world class monster. Diavik will be a very low
cost mine which only suggests that other higher cost mines have a lot
more to fear than does Aber. If I truly am missing something then
perhaps someone can fill me in. Also I would appreciate Frank's take
on my analysis as he seems to be a fellow that we should all be
listening to.
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