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

To: Ralph Kern who wrote (1782)	8/26/1999 4:42:00 PM
From: Marshhawk	Read Replies (2) \| Respond to of 2769

Ralph, you see the real problem for Inco, is that "Ted and friends" do not know their place. It's ok if they look for Ni, and it's ok if they have an exchange listing, and it's even ok if they find some Ni; as long as they behave like good little children and follow instruction from their kindly elders and betters. However, when they start finding deposits that kindly uncle INCO missed, and then have the audacity to develop the deposits, they are upsetting the established order. This cannot be allowed to happen. What would INCO's shareholders say if BINCO is bigger than INCO, and get's developed by CMR and Anglo??? Would INCO be able to recover their costs for VB? Ralph, bring me up to date? What are the proven reserves at VB? How many years minimum before any metal shipped? What is the infrastructure cost projected to be on top of the 4.3 bil? What is the interest/opportunity cost of sitting on 4.3 bil for 7 years? Once they have a deep water port, what is cost per ton of ore of shipping (ship/rail) to Sudbury? How much ore at $6600 per tonne does there have to be at [is it 2.4%] what grade to justify 4.3 bil? How much does a new smelter in Argentia cost? How much more ore would have to be present to justify building smelter? Any chance there is not enough metal there to justify new smelter? Any chance there is not enough metal there to justify price of $4.3 bil? Does weather play a factor? Or is it of no consequence that you sit on millions of tonnes or ore for 6 months waiting for port and St. Lawrence Seaway to open? Now that the price has recovered from January, are these questions still out there? Does that affect potential return on INCO stock from here on out? Anybody? Just wondering.