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Gold/Mining/Energy : Canmine resources -- Ignore unavailable to you. Want to Upgrade?

To: Marshhawk who wrote (2718)	9/28/2000 10:16:22 PM
From: Ralph Kern	Read Replies (1) \| Respond to of 2769

I think the cobalt market will come to Canmine. My understanding is that the high grade cobalt oxides and carbonates can fetch a premium over the spot price. I doubt a lower cost producer(in a stable country) can be found. Both Falconbridge(Sudbury strike) and Inco(Newfoundland government standoff) realize that traditional smelting operations may become a thing of the past and both are manoevering for flexibility in how they structure their operations, hence the twin standoff situations. That along with serious technical problems down under(some say the entire engineering will have to be redone at Anaconda), turmoil, financial mismanagement, and labor problems in Africa, and increased demand should make Canmine show up on the radar screens as a new low cost Cobalt producer that can fill the void. Let's hope we are right in our support.