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

To: Bob Fairchild who wrote (824)	12/10/1999 10:46:00 AM
From: nickel61	Respond to of 1615

The VBN shareholders include other large investors does anyone have the name and URL of sights in Canada that list the large holders of a companies shares? In the US this stuff is available over the Bridge system but is often very out of date.By the way according to my calculations the Voisey Bay Company is going to have to amortize the acquisition cost of itself by Inco over the life of the property. This is no surprise it was laid out in the origional agreement. I am trying to quantify this now that we know the Province is going to require as long a life as possible and we know the purchase price we can roughly calculate the annual non-cash charge that the VBN shareholders will have to absorb before the didvidends are calculated. If someone could give me the actual total costs that Inco paid for the property back in 1996 in Canadian dollars I would appreciate it. Please anyone that has any other pertinent information forward it and I'll process it against what I have and publish it to see if anyone then finds problems.It looks currently like they are talking about 110,000,000 lbs of nickel production per year at estimated $3.00 /lbs US nickel that would be about$330,000,000 US gross revenues/year with an estimated $.90/lbs all in cost which would be roughly $99,000,000 annual cash cost for the nickel production. With the non-cash cost (the amortization of the origional purchase price over 30-35 years)and the amoritization of the capital costs est. $500,000,000 US over probably 20(?)years for the cost of the mill and mine.Plus whatever for the hydrometalurgical facility in Newfoundland.The relative likely cash flows begin to come into perspective. Please contribute anything that you feel would be helpful. For example what was the settlement of the Raglin Mine with the various eskimo groups? This is likely to be the range that thye eventually settle on for this property as well. How does the settlement get paid to the native groups? Is it handled as a charge back from the Federal government or is it allocated to VBN directly? Thanks