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

To: Valuepro who wrote (204)	2/5/2002 9:25:59 PM
From: jpthoma1	Read Replies (1) \| Respond to of 613

Have you ever been in Ungava? I have been there, as a geologist. There is no infrastructure at all. On the other side of the bay, Falconbridge has waited 25 years to start the exploitation of the Raglan mine. And most of it is undergroung mining. Any 25 million tons, 3% Ni, 1% Cu and 5 g/t PGM deposit located anywhere in SA would have already been mined out, if discovered 25 years ago!!!. Ungava is not South-Africa. Costs of mining will be very high. To be economic, you have to mine at a very high rate (hundreds of tons an hour) or have a very high grade deposit. Impossible with a 4.5 feet, weakly grading dyke. Impossible, except in Hermann's dreams! JP