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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (272)	10/22/2001 4:41:59 PM
From: Claude Cormier	Respond to of 39344

<sul.v - i've missed this one so far too > The next one to start its drill program will be GNG, hopefully this week.

To: marcos who wrote (272)	10/22/2001 5:01:17 PM
From: NPValue	Read Replies (1) \| Respond to of 39344

IVN risk assessment somewhat shallow? I think that Myanmar is a risk (although not as great as some perceive it - more on that below), but I would not consider Mongolia and South Korea risks. The biggest issue with Mongolia will be infrastructure, while I see no major problems with South Korea. Concerning Indonesia, the properties there have not panned out as thought, and with all the Muslim uprising there, I don't think anyone wants to attempt a risk venture there now or anytime soon. Recently I heard a talk from a gentleman who was in Myanmar for four weeks in August. While the current government no doubt has its problems, they are not as grave as the popular media portrays them. Government leaders realize that the country is at a crossroads economically, and that they must move forward or be relegated to third world status for many more decades. (By the way, he made an interesting comment about that popular female dissenter whose name escapes me at the moment. Contrary to popular media opinion, he does NOT believe that she is the solution to the country's problems - in fact, he thinks she could make things worse.) Concerning Friedland, the stereotypes will probably exist for as long as he lives. How someone can consider DiamondFields a "pump and dump bre-x" is beyond me. He either has the properties and production or he doesn't, its as simple as that. Investors cannot be taken in as with the 1997 days, and any company today would be seriously stupid to attempt any such scheme. I think the main risk for Ivanhoe is being able to weather the depressed gold, silver, and copper pricing which I see continuing for at least another 6 to 9 months. They have managed decently the last two years, but I'm not sure they could fare as well for another two years of low prices.