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Gold/Mining/Energy : Inco-Voisey Bay Nickel [ T.N.V] -- Ignore unavailable to you. Want to Upgrade?

To: nickel61 who wrote (771)	11/25/1999 4:25:00 PM
From: CJones	Read Replies (1) \| Respond to of 1615

Inco Proposes New Nickel Plant In Newfoundland 15:10 Thursday, November 25, 1999 ST. JOHN'S, Newfoundland (Reuters) - Inco Ltd., the western world's biggest nickel miner, plans to build a ``leading edge' hydrometallurgical plant in Newfoundland to process ore from its massive Voisey's Bay deposit, the province's mines minister said Thursday. Although Newfoundland said it had not yet reached a deal with Inco, the company's proposal marks an about-face in its plans for the project, seen as having a 25- to 30-year life span. Inco had been in an impasse with the province, with the company steadfastly insisting it would process ore from the huge base metals deposit outside the province. In a briefing to the province's cabinet, Mines Minister Roger Grimes said Inco was poised to build ``a leading edge hydrometallurgical plant' in the province to process nickel metal. The plant would be the first of its kind in the world. Although the proposal sets the stage for the launch of more formal talks, which could lead to the province granting a mining permit for the Voisey's Bay deposit, the mines minister cautioned that approval of the plan was far from complete. The potential breakthrough came after two days of informal talks in Toronto. ``The government and Inco do not have a deal. We have not received a formal comprehensive proposal from Inco. Until we receive such a proposal, we cannot determine with certainty whether we have the basis to resume formal negotiations,' Grimes said in a statement. The Newfoundland government has refused to issue a mining permit for Voisey's Bay, a base metals deposit in northern Labrador, until Inco agrees to build a smelter, estimated to cost C$1 billion, so that ore from the project can be processed within the province. Inco has argued that a smelter in Newfoundland is not economically viable and has only committed to building a mill at the Voisey's Bay site, from which it would ship concentrates to its existing operations in Ontario for further processing. -30-

To: nickel61 who wrote (771)	11/25/1999 5:53:00 PM
From: buylowsellhigh	Read Replies (1) \| Respond to of 1615

What surprises me the most is the previous thread's mention that Inco has been clandestinely continuously drilling on the Voisey Bay site despite its problems with Tobin! That's very, very promising and tells you that there is MORE ore out there than the estimated tonnage printed! N.V is going nowhere but UP!!!

To: nickel61 who wrote (771)	11/28/1999 10:47:00 AM
From: donkeyman	Read Replies (3) \| Respond to of 1615

NOTE:--If N.V has been drilling steady i.e the last 12 months and "IF" the 1st 2 or 3 months of the Drilling Program they were "NOT" finding Nickel the program would have stopped.!! But that's not the case drilling is still going ahead flat out "That's Excellent News" Confirm with a phone call to N.V in St.John's, Newfoundland 709-758-8888. Today the World price of Nickel is high, like before, the high (share) for this stock was about Cdn$40.00/sh (after the 4 to 1 split) I think. There could be "one big difference now however", and that is a lot more Nickel, Cobalt, Copper on that N.V claim in Labrador.???? Do you think the next high should top $40.00/sh.????