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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: CIMA who wrote (59)	1/5/2001 3:29:30 PM
From: Condor	Read Replies (1) \| Respond to of 8273

Rankin Inlet...wow...can't imagine the capital req'd to produce up there with little infrastructure. V.PFN and V.YMU are much better plays for a couple of reasons 1) they have drilled and already determined signifcant PGM's and are now trying to zero in and delineate. 2) they both have major majors backing their next drilling programs that start in Jan. 3) they are sitting virtually on top of the largest mining infrastructure in the world not to mention 2 of the largest smelters in Canada. The article reminds me of the V.DBL (Darnley Bay Resources) play in the North West Territories. Great story but logistically a nightmare. (buy well funded exploration plays in December and sell in April...but at River Valley in Sudbury they are probably going to prove up a mine it would seem. Now thats a rarity <gg>) Thanks CIMA Regards C

To: CIMA who wrote (59)	1/5/2001 6:20:20 PM
From: marcos	Read Replies (1) \| Respond to of 8273

There are untold billions of dollars worth of iron alone and possibly billions in other minerals right here under this little farm, even if the mineral rights which i do own only go half-way to China, trouble is strip ratios and mining/processing costs and the fact that my cranky neighbour would likely turn me in for zoning violations if i dug a hole that deep and piled the waste that high, this does not necessarily mean however that it would make a poor stock play, depends on presentation. Seriously, how much cash does sru.v have, what is the share structure like - shares out, warrants options etc ... at what stage is the property, how much is drilled off, how are the grades, are there metallurgy numbers, is there a pre-feas or bankable feasibility study, what is the strip ratio, what is the cost of infrastructure, of mine/plant construction, of paying off politicians and special interest groups, what is the history of management ... the three Ps are crucial - People, Property, Phinancing ... it is an interesting chart and that's quite an article, i see it hit stockwatch at 13h50 pacific, after hours ... never followed it much, though i dimly recall them getting questioned as to the accuracy of some assays [? not sure there} ... cheers [edit] - one green index today, guess which - chart.canada-stockwatch.com