Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Fortune Minerals Limited (TSE - FT) -- Ignore unavailable to you. Want to Upgrade?

To: Elizabeth Andrews who wrote (539)	12/6/2000 11:16:12 AM
From: Dave R. Webb	Respond to of 612

Some would be doing armchair economics on Nico right now, and although it's an interesting exercise, Strathcona's involvement has moved it beyond that level. They are reviewing the resource, extraction, marketing, and logistics of Nico, and are moving the project from the scoping level towards the feasibility level. I don't believe they expect to present a feasibility document, but the level of confidence in each aspect is being improved. I think the targeted drilling is an indication of Strathcona testing aspects of the mineralization (gold zone continuity, stripping assumptions) that they were unwilling to accept assumptions for. I suspect that next, the metallurgical assumptions will be tested and measured, and some "more than preliminary" discussions regarding power, water, and transport costs are going on. I don't know how long this will take, but it will be a very interesting document when it is delivered. Dave