Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: WillP who wrote (216)	2/6/2002 10:33:21 PM
From: Letmebe Frank	Read Replies (1) \| Respond to of 613

Will, trusted cyberpal, and other friends, a nice exchange happening! I've got some random thoughts (few) and questions (many). "Derbuch suggested, and I thought it reasonable, that operating costs might be about $40, although I can't recall the exact number. It's probably buried in a TWG Street Wire somewhere." Here it is: Author: WillP -- Date:2001-12-20 07:16:42 Subject: Street Wire TWIN LOOKS FOR A CARGO OF DIAMONDS [Excerpt] by Will Purcell Mr. Derbuch said that Twin Mining had done some very rough calculations on the cost of mining at Jackson Inlet, and he said that a reasonable guess would be about $25 (U.S.) per tonne. That seems low but perhaps reasonable given the coastal location that should minimize the costs of supply, which is a significant hit at remote mines such as Ekati. Will - you said: If you assume a grade of 0.225 carat per tonne, and a diamond value of $250 (Canadian), then you get a rock value of only $56 per tonne, Canadian. I think you'll want to go higher. Use $250 US, and the rock value suddenly becomes about $86 (Canadian) per tonne. That's not much better than the total costs, however. You used my (your previous?) guess of $250 US! Heres what you said in the Cargo wire: If the grade of the kimberlite is in excess of 0.30 carat per tonne, the diamond value required would fall to less than $250 (U.S.) per carat. Even that figure could be difficult to attain, as very few diamond mines produce gems with such an average value" Any comments on this line in the recent article: "TWG is investigating the possibility of taking over the existing infrastructure of Nanisivik Mine." I know Vaughn saw some potential here... what do you think a discount purchase of this mine, and availability of labour and infrastructure do to reduce the operating costs? And what about this miners thoughts: "rumour [OF] TWG acquiring our Dense Media Separation Plant (DMS) and housing transfer over to Jackson Inlet" Still would like to know short positions and insider trading activity. Any link help here? And how about trading volume of TWG on the Berlin exchange?? And to the technicians - and comments on the chart: host.wallstreetcity.com FWIW, there are hints that we have a few old pals joining the TWG share holders - Paul and Chuck. Why don't you guys come out of the closet!