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.

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

To: ralfph who wrote (803)	5/30/2001 11:01:38 AM
From: tyc:>	Respond to of 8273

>>Got any more that look this good ? Ralph; The better question is, "Has IMN got any more that look this good ?". The answer is a resounding "Yes". .. a 49% interest in one of the worlds richest underground copper/zinc mine in Turkey (Cayeli). Reserves indicate a mine life of 14 years but exploratory drilling beneath reserves have indicated a wide intersection of 10% Copper .. A 100% interest in Izok Lake; the highest grade undeveloped copper/zinc deposit in North America. Shelved because of lack of infrastructure, now brought to life by the Nunavut Governments ongoing feasibility study of a road and port providing the needed infrastructure. ... About $75,000,000 in cash, with which the company is currently buying back stock. (Bought back over 3,000,000 shares in the past year). The stock appears to be trading at the value of its working capital; so I reason these assets are offered free. Metal prices are low now ! I sure wouldn't expect a pull-back in this stock... not from these levels anyway. But who knows ? As Johnny said, "The market is an ass" I do suggest people take the time to listen to the AGM webcast, where Ross covers these points or more. I,m no analyst, so don't rely on me. Hope you don't think I'm pumping. This stock is a long term investment. I have in mind my grandchildren's education ! HAHA ! But if it's Canadian mining speculation you have in mind I have them too. One that fits the bill required by that treatise provided by Marcos. Let me know if you want to hear about it. (I'd be pumping)