Metallica (MR T) Message Board

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Gold/Mining/Energy : Metallica (MR T)

MR 5.360

-80.8%

Nov 13 4:00 PM EST

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To: baystock who wrote (128)	3/9/1999 12:54:00 AM
From: Claude Cormier	Read Replies (2) of 263

<<I can't see myself paying $50 million valuation for a base metals exploration company in today's market. >> Why not. When you have a zinc deposit that will be more profitable than most open pit gold deposit with a cost near $150/ounce.... Zinc has some of the best fundamentals amongthe metals. SWG is not only base metals. They are in gold, silver and diamonds as well. And I disagree on China...it was a red flag. I would accept your comment if you had taken the time to analyse each of the 26 Joint Ventures SWG is in. Several of the JV have metals in the infered category, some are gold, as much as 1.5 millions ounces of gold and they are in Peru or Chile. Other are copper with large porphyry potential. There are also large silver prospects. And SWG will be carried to production on most of these JV's. This being said, Nord Pacific looks like an interesting company. But saying that they have 1.5M ounces of gold on their property is like saying SWG Accha zinc property has 20M tons and its gold prospects have 5M+++ ounces. NPF deposit is still only a resource from what I read. At first glance I like this Nord Pacific and will investigate further. I suggest you do same with SWG. You may find out that your comment is not justified.

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