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Gold/Mining/Energy : MICREX DEVELOPMENT CORP.:ASE -- Ignore unavailable to you. Want to Upgrade?

To: Greg or e who wrote (153)	4/18/2000 3:56:00 PM
From: Leigh McBain	Read Replies (1) \| Respond to of 174

This is a copy of a posting from the MIX thread on Stockhouse. It is an interesting post. Salut, Leigh McBain From Stockhouse: It was suggested that I pass on what I saw for the MIX people. Actually I was only at the first day but I did see Tom Bryant of Micrex. Unfortunately I did not get a chance to talk directly to him as he seemed to be a very popular fellow any time I did approach. I was able to fit into the circle of people standing listening and nobody told me to leave so I don't think anything confidential was being discussed. Of particular interest to MMU people was a discussion that took place in the afternoon. The people of New Blue Ribbon had put on a talk about a heavy mineral sand that they had found while looking for diamonds. They gave some good info about the magnetite market but for those that have followed MIX it was old news. The part of the talk that made me sit up was their claim that they had 15% magnetite and 20% titanium. There were two speakers and the second speaker (I didn't get his name) was trying to portray the Burmis as sub-economic and with less potential than their sand deposit. I admit that I was disappointed until I stood in on a talk that Mr. Bryant was giving to some young men and women later. Students I think - college or University. He pointed out that the New Blue people were quoting were based on percentages of the total of the heavy minerals recovered. Given that the ore had only a 10% heavy mineral content the actual numbers were only 1.5% magnetite and 2% titanium in the raw ore compared to 35% magnetite and 9% titanium in the raw Burmis ore. He then went on to point out that the speaker had not done his homework about the potential economics of Burmis - not even reading the available press releases. Lots more - should ask him directly if you need more. They left me behind once my worries were eliminated. So much for the New Blues being competition. Fortunate that Mr. Bryant was there.