Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : ABER RESOURCES -- Ignore unavailable to you. Want to Upgrade?

To: George J. Tromp who wrote (1460)	6/15/1999 9:40:00 PM
From: Andras	Respond to of 2006

Canaccord has Aber as STONG BUY Aber Resources (ABZ : TSE : $10.05) STRONG BUY 18-month target price: $30.00 52-week price range: $17.40-6.80 Shares O/S: fully diluted 48.0M Working capital: (31/03/99) $111.4M Market capitalization: $482.4M On Friday, Aber released its Q1/99 report noting that its share of Diavik costs were $3.2M in the period, and that the federal government's comprehensive study review (CSR) on the environmental impact of the project is nearing completion. Verbatum, the release reads as follows: The draft, which remains subject to revision, indicates that the Project will not cause any significant or unmitigable environmental or socio-economic effects. Aber expects that in June the Canadian government will release the final CSR for a 30-day public review period. After considering the CSR and any public comments, the government is expected to issue a decision as to whether, and on what terms and conditions, the Project should proceed to the permitting phase. A feasibility study on the Project is expected to be completed following this decision. Subject to a favourable feasibility study, environmental approval and permitting by the Canadian government and a production decision by the owners in 1999, construction is expected to begin in January 2000. This release was expected. Cabinet approval is anticipated this summer. Of particular interest are the initial (published) drill results from the A-841 pipe (a.k.a. Piranha pipe from the BHP/Dia Met/Archon side), which is just north of the A-154 North pipe, straddling the boundary with the BHP, et. al. buffer zone. Seven drill holes yielded 1,416 diamonds from 867.8 kg of core, of which 384 were macros for an excellent count of 4.42 macros (+0.5 mm) per 10 kg. The release states that the count of 1.63 diamonds per kg is similar to early results from A-154 South and that A-841 appears smaller with about 30% located on the Diavik property. To the best of our knowledge, A-841 is not included in the feasibility study but assuming a favourable profit sharing agreement with its northerly neighbours, incorporation of the development of A-841 into the Diavik mining plan would allow an increase of the lay-back of the A-154 North open pit, accessing more ore before underground mining. Elsewhere, four drill holes were completed during the winter into the A-180 kimberlite, which is some 25 km NE of the Diavik camp, with caustic fusion results pending. Three untested targets remain to be drilled this summer. The first Winspear/Aber Snap Lake bulk sample results from the 1999 program may be out this week. Aber remains a STRONG BUY. Happy investing, andras

To: George J. Tromp who wrote (1460)	6/15/1999 11:17:00 PM
From: harold	Read Replies (2) \| Respond to of 2006

George: Thanks for the information. That one slipped right past me. Yes I remember prodigy "long ago"! It's the recent events that seem to be blurred ! <G>. Even though I'm not posting, I'm still lurking ; tend to skip over the wsp vs aber debate - which can lead to missed information. Still on *P - but no active aber string so I don't pause long there. I'm still waiting for aber to "blossom" - should be some buds breaking soon (so to speak). Been buying a little from time to time and I think I'm where I want to be. Appreciate your help - thanks again. Harold