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Gold/Mining/Energy : Canmine resources -- Ignore unavailable to you. Want to Upgrade?

To: Marshhawk who wrote (1780)	8/25/1999 10:18:00 PM
From: Marshhawk	Respond to of 2769

And now the evening news for all you CMR bears and bulls. Check out the FT. WMC now selling cobalt on the internet. Sold 50 tonnes, 6% of annual output in 4 days. Price rose from 18.25 to 19.95 in 4 days. [doesn't say if 99.3 or 99.9, anybody know?] Will start selling forward when they run out of metal. Gee, I wonder who needs 50T of Cobalt in 4 days? Think maybe the Japanese are still waiting for the shipload of Zambian? I'll have to see if I can get into the website. Cool!

To: Marshhawk who wrote (1780)	8/26/1999 8:48:00 AM
From: Ralph Kern	Read Replies (1) \| Respond to of 2769

You may be right about INCO lurkers. When Canmine brings the mineral inventories to production it really won't matter. INCO's best interests would be for Canmine to prove up the extension to Thompson. First they could use the ore/nickel for their smelters in Manitoba. They also have staked land in the area. I am sure they would like to keep the competition out of their own backyard. INCO may be too wrapped up with Voisey Bay, GORO and doing upgrades to have funds available for BINCO anyways. There are bigger fish in the stream, Billiton, Anglo, and Noranda etc. who would be very interested in a large high grade near surface nickel sulphide deposit. Even INCO's 50 million investment in GORO would seem like a drop in the bucket. The stakes are very high. Does anyone know of a junior mining company in a better position than Canmine? Please send details if you know of one. Nickel is now over 3$/lb. There is no reason to think that it will slip down in the next 2 years. Cobalt prices up this week with the advent of Chinese and Japanese buying. September is usually a swing month for cobalt. Thanks for posting the US mint nickel purchases. They use a lot of nickel. They have experienced buyers. If they bid above current prices you can bet a nickel that that is where nickel is going. Thanks for your great posts. Dave and Rick thanks for the info on laterites.