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Gold/Mining/Energy : Twin Mining (formerly Twin-Gold) -- Ignore unavailable to you. Want to Upgrade?

To: Valuepro who wrote (192)	2/5/2002 2:15:12 PM
From: russet	Read Replies (1) \| Respond to of 613

I think it's safe to say I don't share your views on many things you want to talk about. The guessing game you keep referring to is something several posters here have been doing for years. If you don't want to play, that's your choice, but by playing we present our thoughts and defend our views if necessary. What amazes me is why you think the positive side hype is okay, but any negatives are not. Given that most mining plays fizzle out for many and varied reasons, I and others think a discussion of the negatives are more important than putting the blinders on and ignoring them. Many of the posters here have been sharing information (pro and con) for years across several threads. We know each other because of that. Most of us appreciate a well thought out contrarian view more than the positive stuff. It stops us from making stupid mistakes. You just stated the people that matter here are the big funds that supposedly control the price of these stocks, and what we peons with superficial knowledge say on these threads is meaningless,....how can any hype be generated? Given that,...why do you care that a few of us are presenting negative arguments here as a heads up to our thread friends. Discussing only the positive points is what many, seem to want to do on these threads, to reinforce decisions to purchase the stock, and generate a false sense of security that nothing can go wrong. Security in group think,...from your psych 101 lesson to me perhaps. It is nice to know what can go wrong. Negative things that have been discussed on Jackson Inlet include, 1) Need for financing soon,...dilution. 2) Surface sampling is usually a poor indication of what's in the rest of the pipe,..for many reasons the diamond grade and value found at the top of a pipe is usually far better than what is beneath. If you have an exception to this rule of thumb, post it. We also know these pipes came up in limestone, and are partially covered in limestone,... so eluvial action could be a very significant factor in increasing grade and preferentially selecting for only biggest, most flawless diamonds for many millions of years. So far, all we have is information from surface samples, and one core sample, but they failed to specify how deep that core sample was taken,...could be from close to the surface. 3) TWG has announced that another sample was tested, but only released results from a small part of one core. Inquiring shareholders have a right to know why, given the core is the only evidence we have now on what the inner parts of the pipe look like. Where was that 5 meter sample taken from anyway,...how far down? Would be nice to know. Other core samples should have been tested by now and reported on by now,..why not? 4) There is a lot of positive hype from brokers, newsletter writers, promoters and analysts about diamonds in Canada in general at present, and about Twins possible "coarse diamond curve" which is clearly generating high expectations. Unfortunately given that the historical odds of any diamondiferous kimberlite becoming a mine are quite low, the speculation is "probably - in the statistical sense" not warranted. A big fall in stock price will occur if this speculation cools off. 5) The fractured nature of the rock surrounding the pipe could make mining the kimberlite difficult given the danger of wall collapse. If this fracturing is severe in all the soft limestone surfaces surrounding these pipes, it will be necessary to have a shallower grade on the walls of the mine which will negatively affect the strip ratio and increase costs to mine. 6) The possibility that several phases of kimberlite are present in these pipes with differing diamond content suggests that the current reported results likely overstate overall grade and suggested high valuation per tonne. Again the lack of core results should give us pause. It is very early days exploration at Jackson Inlet. A lot more can go wrong than go right. 7) Jackson inlet has severe temperature variations and is quite isolated. The costs to mine and the mining plan will be impacted considerably by these factors. As a result it is safe to say that better than average world diamond mine grade and valuations will be necessary to proceed with a mine. We seem to be arguing in circles, with you lecturing me more about psych and games than discussing the geology and economics. My game here is simple,...learning and discussing this project. Perhaps you should stay on that topic. Have I left anything out?,...very difficult to post now given the exceptional action in gold stocks,...let's gold (gggggggggggg)