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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: goldsheet who wrote (1324)	6/9/2001 4:14:30 PM
From: tyc:>	Read Replies (2) \| Respond to of 4051

For a map of the proposed route of the road proposal go to the annual report of Inmet Mining available at its website or on Sedar. For background information go to (Northern News Service) nnsl.com Scroll to bottom of page and then do a search for "Izok Lake", There are several archived news reports that put the project in proper perspective. Or you could do a "stock talk" full text search for "Izok Lake" to reveal my several postings on the subject. It appears I have been the only person interested, so welcome, Bob. Incidentally, until last year the George Lake deposits was owned by "Kit Resources", the Kit referriing to "KITikmeot". Then Kit was merged with WRM Wheaton River Minerals. Kinross is earning a 70% interest by spending C$20M. Other projects on the route of the road include Hackett River Mines owned by Estruscan and Tahera's Jericho diamond project, (and of course Izok Lake itself)

To: goldsheet who wrote (1324)	6/9/2001 4:18:57 PM
From: russwinter	Read Replies (1) \| Respond to of 4051

We were wondering before about FN's strategy. This from the April 30 letter to shareholders in the annual I just received. "Warren Buffet, the world's most famous investor has it right when he states that wonderful bargains are available when you purchase 15 to 20% of uncontrolled companies. If entire companies are sought, a control premium must be paid. An investment, done in cooperation with the management and made into the treasury of a precious minerals company can help immediately rerate and strengthen that company. It also allows Franco-Nevada to influence (my comment: including hedging?)the future direction of it's investment. As the Company improves and the gold industry further consolidates, we believe such strategic equity positions may become very valuable." Also this rather shocking remark, "Our studies, and those of our peers, indicate that 90% of gold projects require at least $350 POG to generate after-tax returns in excess of 10%." They also suggest that $300 for reserve pricing is overstating values. They then go on to suggest that most seniors are overpriced, and are of no interest to FN.

To: goldsheet who wrote (1324)	6/9/2001 4:36:25 PM
From: tyc:>	Read Replies (1) \| Respond to of 4051

>>I stumbled around the Nanavut government page (http://www.gov.nu.ca/) without find maps, a "Department of Natural Resources", or anything about mining. A better website is assembly.nu.ca . If you had gone to the Hansard record of the Nunavut Legislative Assembly, you would quickly see how big an issue "mining" is in Nunavut. I don't think I am exaggerating when I say they are relying on mining for economic development, to relieve a very serious unemployment situation and the social ills that result. There is hardly a record that does not mention mining, and training for mining.