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Gold/Mining/Energy : Falconbridge Ltd.( T.FL ) -- Ignore unavailable to you. Want to Upgrade?

To: Jason Marcotte who wrote (48)	7/20/2000 5:17:18 PM
From: Condor	Read Replies (1) \| Respond to of 103

Yup, I feel like the Maytag repairman on this thread. Now you and I are the only shareholders of FL. <gg> $ 126,000,000 on the 2nd Q and the stock is up 0.9% This is like livin in the Land of Oz. ( I guess ) I see the LME inventory is at 15,000 tonnes. ( VERY low) Good luck to us. Regards C

To: Jason Marcotte who wrote (48)	7/21/2000 6:48:15 PM
From: Condor	Read Replies (1) \| Respond to of 103

Falconbridge to develop mine D at Kidd Falconbridge Ltd FL Shares issued 177,041,400 Jul 18 close $18.00 Wed 19 Jul 2000 Mr. Rick Howes reports Falconbridge has approved the development of mine D (deep), which will extend from 2,100 metres to 3,100 metres below surface at the Kidd Creek mine. According to the feasibility study, which was completed in June, 2000, mine D will contribute two million tonnes of ore annually when full production levels are reached. Production is expected to begin in 2004. "Development of mine D will take place in two stages," says Dan Gignac, general manager of Kidd mining division. "Stage one will take the mine to approximately 2,700 metres in depth. Stage two, which will begin development in 2009, will extend the mine down to 3,100 metres. This will make Kidd the deepest base metal mine in the world." The stage one portion of the mine is estimated to contain 15.7 million tonnes of ore at 2.82 per cent copper, 5.74 per cent zinc and 58 grams per tonne of silver. Current estimates for stage two are for 10.5 million tonnes of ore at 2.20 per cent copper, 5.27 per cent zinc and 97 grams per tonne of silver. Based on the feasibility study a total investment of $640-million, including provisions for inflation, is required to develop both stages of mine D. The majority of the expenditure will be spent during stage one. This will include a number of start-up components, such as the sinking of a new internal shaft ($131-million), the installation of a new ventilation and refrigeration system ($42-million), and the acquisition of new underground mobile equipment ($35-million). The capital expenditures during stage one construction, which will be completed in 2009, will be partially offset by the amount of production revenue mine D generates during this period. These revenues have not been deducted from the capital amount of $640-million. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com