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


To: Valuepro who wrote (197)2/5/2002 7:07:50 PM
From: Letmebe Frank  Read Replies (1) | Respond to of 613
 
Thanks - good to hear the story getting out. Summary of key points:

-kimberlite samples taken last summer show high quantity and quality diamonds.
We know of the high quality; are they not early on the statement of quantity?

-the diamonds are easily accessible.
....As has been discussed.

-TWG is investigating the possibility of taking over the existing infrastructure of Nanisivik Mine.
We knew of the mine, and speculated about the available workforce, but are they talking of moving the infrastructure to JI? Maybe just setting up a smaller plant in the building(s), like Winspear was gearing up to do, just before their takeover. Maybe the Winspear plant is up for sale!!

-exploration is going a lot faster compared to other explorations that usually take five to six years.
TWG does move fast. I would suspect an update on their exploration program soon. Maybe with the mini bulk results. How long until we hear an announcement of a 10,000 Ton bulk samples taken from Freigtrain?

-A new diamond mine could be operating as early as 2005.
Now that's fast tracking it! Could we be seeing earnings of 50 cents a share in 3 years? I know, way to early to speculate, not enough information. But we will know soon enough.



To: Valuepro who wrote (197)2/5/2002 7:15:57 PM
From: jpthoma1  Read Replies (2) | Respond to of 613
 
Valuepro, an experienced investor like you should beware of Hermann's comments, specially those targetting journalists or investors.

Here are some of Hermann's quotation in the 1999 Annuel report:

The Company’s objective is to become the first diamond producer in Eastern Canada. The Company’s objective is based both on the significant number of diamonds recovered so far and very encouraging numbers of stones per kilogram of kimberlite (two per kg) sampled, as well as the percentage of macros in analysed samples in the range of 20%. The Company believes that these results are comparable with significant discoveries elsewhere in Canada. The predominant high quality of white and transparent stones found at this early stage allows us toforge ahead with optimism in the rapid development of this large diamondiferous kimberlite discovery.The geographic location of the diamondiferous kimberlite dykes on fjord walls, the over 1000 foot vertical exposure of the fjord walls and the resulting ability to rely upon gravity transport for the first 1000 feet of the mined kimberlite, together with the deep water access to the property, lead us to anticipate low production costs.

During 2000, the Company intends to advance the TORNGAT Property towards the pre-feasibility stage
.

Hermann Derbuch, P.Eng. (signed)

We are now Feb 5, 2002 and the first east-canadian producer may be Ashton, not TWG!!!!!

JP