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 : Wheaton River Minerals (WRM Toronto) -- Ignore unavailable to you. Want to Upgrade?

To: wampum who wrote (211)	10/7/1999 10:34:00 PM
From: I_C_Deadpeople	Read Replies (1) \| Respond to of 350

I have been following Kit for some time..we should add that Kinross will be throwing another $20 million at the Kit property to production to earn in 70% ( I am going from memory here)....

To: wampum who wrote (211)	10/8/1999 9:04:00 AM
From: Steve Johnston	Read Replies (1) \| Respond to of 350

Big deposit, yes. HOWEVER, do you know where it is? For those that don't, the Georges Lake area is in the new native area of Nunavit and is probably a thousand, or so, miles away from any railroad or road access (above the Arctic Circle, no less). It is actually not that far west of Hudson's Bay (Americans get out your Atlas's). The question is, how do you keep operating costs down in such a remote, inhospitable area. I think Wheaton did some arithmetic (i.e. pre feasibility work up)on the merits of creating a port site to access the property. On top of this, Wheaton will have do deal with the native issues regarding the environment, jobs, etc., before proceeding with Georges Lake. To Wheaton's credit, they successfully dealt with some very difficult native concerns in re-opening the Golden Bear mine, including the Telegraph Creek band blockading the road access to the mine. Regards.