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Gold/Mining/Energy : Donner Minerals (DML.V) -- Ignore unavailable to you. Want to Upgrade?

To: Supervalue who wrote (11135)	6/10/2001 10:02:59 PM
From: main_vein	Read Replies (2) \| Respond to of 11676

The junior mines deserve exactly what they are getting. Historically, any discovery by a junior was only a means to fatten the treasury so that the principals could sail happily into the sunset. The majors would move in and do a deal that would see them whittling away at the juniors share of ownership through rights of first refusal to finance the junior's share of further exploration, feasibility and development. The only happy junior shareholders (apart from the principals) were the ones that didn't get emotional about the "long term potential" of the stock and got out fast when all the excitement first hit. There is NO long term upside for Junior mines stocks. Witness Teck's San Nicolas VMS discovery (+/- 100M tonnes of ?%Cu/Zn) in which Western Copper held over 50% interest (I think ?) at the time of discovery. Their stock was 90 cents and they had a little over a million shares out. The stock went up to $10. They now have over 10 million shares out (or more ?) and their stock is again at around 90 cents. Through financing rights, Teck now owns about 90% of the deposit, (which is presently moving rapidly toward production) and they will own 100% by the time it goes into production. There is only one true genius and champion of the ever dreaming penny mines shareholder. His name is Robert Freidland. Diamondfields shareholders were well served beyond imagination by his cunning and outstanding negotiating skills. He hosed INCO big time and every DFR shareholder made out like bandits. If there were more Robert Freidlands at the helms of Juniors, then playing the junior mines would be a reasonable bet. The SVB circus does not have such a ringleader, only clowns.