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

To: tyc:> who wrote (1387)	9/9/2001 6:40:32 PM
From: Frank Pembleton	Read Replies (1) \| Respond to of 8273

tyke, I looked at the 1996 annual report and yup, you're right, the assumption is there. What occurs to me is that exploration on that property might not be as big as thought, if it was, they'd set-up a mill on site. The AR indicated an extra $50 an ounce for trucking which seems expensive over a couple of million in reserves. As for the present bed-fellowship, I don't see the problem, especially after seeing the Real-audio clip with Lassond & McDonald. It's just a matter of time before FN is collecting a royalty on every ounce of gold mined on the face of the planet. BTW, is there a difference between a mill that's designed for an under ground operation (Lupin) as opposed to the shallow open pit type? I'm sure that the quantity of ore to be processed would led to a large capex upgrade for this mill. Regards Frank P.