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Gold/Mining/Energy : A CANADIAN DIAMOND HUNT -- Ignore unavailable to you. Want to Upgrade?

To: jpthoma1 who wrote (596)	1/11/2002 1:02:08 AM
From: Valuepro	Read Replies (2) \| Respond to of 930

Hi, JP "1) This is from TWG 2000 annual report, page 5:At TORNGAT the most continuous and widest dyke system observed to date averages 1.45 m in width..." As I said, this is very typical of such systems and I don't understand why this should be a problem. "They spent many millions of dollars (25% of that amount just for the salary of the prez!!!!!) " Would you please direct me to such financials. I can't seem to find where the prez earned 25% of millions of dollars. Some hard figures would be appreciated. "3) If you have a chance to go in the Torngat area, have a look at the thickness of the dyke at the base of the cliff in the Abloviak Fjiord." Once again, this fissure/dyke system is characteristic of such systems. "4) Yes these dykes are usually thin and may be mineable elsewhere, but cost of mining them is a «little» different in the Ungava. Ask Falconbridge's workers at Raglan." I understand mining costs in the far north can be complicated by weather and poor access, but such is the nature of mining, and no final decision can be made until all the facts are in. Are you suggesting work should stop on Torngat? "5) These dykes were also sampled on others properties. Surprisingly, nothing interesting was found. No more work is now done in this area by any other company right now." Now I find these comments very interesting. Would you mind, please naming these other companies? This is critical information and I'd like to follow-up by speaking with them. Say, didn't TWG get some kind of award for actually finding diamonds at this location? "As far as the management is concerned, please try to find another junior canadian exploration company paying a quarter of a million dollars for the salary of it's president and adding tons of options over that «base salary», in these difficult times!" I believe WillP has offered enough, but I'll add one more. Crystallex! BTW, I don't believe "difficult" times have much to do with executive salaries, not in mining, nor industies around me here in Silicon Valley. If anything, salaries simply don't rise as quickly in "difficult times." Besides, are you suggesting these are "difficult times" in diamond exploration, or are you extending the obviously "difficult times" in the gold mining/exploration sector to this one - not appropriate, I don't think. You are on to something, though. The last 30 or so years has seen a general trend in all corporations to historically very high levels of executive compensation compared with times past. JP, I'm a little concerned for the tenor of your posts. You sound outright angry over a number of issues concerning this company, and I wonder just what it is that ticks you off. If you are a shareholder, why stick around? Couldn't you have sold at higher prices last Spring? You don't sound like your looking forward to higher prices anytime soon, so would it not be a good idea to cut 'n run if you are so disappointed? Just curious, and I really don't expect an answer. VP