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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (3277)	4/25/2002 1:44:20 PM
From: GeoDude	Read Replies (2) \| Respond to of 39344

Claude I like CBD but the reason I did not invest is exactly the water. Are the lakes real shallow? Even putting dams looks expensive given the topography of the area ad the layout of the deposits. Can you enlighten us on the plan? Otherwise nice project. LIA

To: Claude Cormier who wrote (3277)	4/25/2002 2:24:45 PM
From: russet	Read Replies (1) \| Respond to of 39344

Big implications for sulphide ore mine costs and environmental concerns if widely applicable,...and I hear it is. Ivanhoe Mines Ltd IVN Shares issued 171,880,884 Apr 24 close $3.30 Thu 25 Apr 2002 News Release Mr. Robert Friedland of Ivanhoe reports AUSTRALIAN MINERALS PROCESSING TECHNOLOGY GROUP INTEC ... Intec Ltd. has now closed its $5-million (Australian) initial public offering oversubscribed and will proceed with the commercialization of its proprietary minerals processing technology both in Australia and overseas. Intec is issuing 25 million shares at 20 Australian cents each through its IPO, which will give it a market capitalization of just under $30-million (Australian) at the issue price. Its shares are currently expected to commence trading on the Australian Stock Exchange on Thursday, May 2, 2002, under the code INL. Sydney University-based Intec has now emerged as the international leader in the development of chloride hydrometallurgical technology and has patented its unique process worldwide. This uses chloride/bromide leaching, purification and electrowinning for the cost-effective and environmentally responsible recovery of base and associated precious metals from sulphide orebodies. The Intec process incurs much lower capital and operating costs than alternative technologies, while also reducing the heavy environmental impacts associated with conventional smelters. Ivanhoe Mines, which is majority owned by its chairman Robert Friedland, has emerged as the cornerstone investor in the Intec IPO. Together with Wilson Asset Management, it joins with CIBC Australia Limited and Eureka Capital Partners Ltd. as Intec's leading corporate shareholders Ivanhoe is an international mining company currently developing an important new porphyry gold and copper discovery at its Turquoise Hill project in Mongolia. Ivanhoe produces copper from the S&K joint venture in Myanmar, iron ore products from ABM Mining's Savage River mine in Tasmania and gold from the Eunsan mine in South Korea and the Bakyrchik mine in Kazakstan. In addition to taking a large position in the Intec IPO, Ivanhoe will be licensed on commercial terms to support the development and use of the Intec process in relation to its various base and precious metals projects Other Intec shareholders and/or licensees already include Anglo American, BHP Billiton, Nippon Mining and Rio Tinto. Managing director and chief executive officer of Intec, Philip Wood, said: "Following the successful conclusion of Intec's IPO and the listing of its shares on the ASX, we will accelerate our targeted worldwide marketing of the Intec process, for which there is significant pent-up industry demand, and complete our specific project feasibility studies, leading to the full commercial application of our technology. In this regard, we now particularly welcome the involvement of the dynamic and diversified Ivanhoe Mines." Both the Queensland government (through a $100,000 (Australian) grant under its Regional Business Development scheme) and Thiess Pty. Ltd. (through the voluntary supply of its technical personnel and other engineering resources) have joined Intec's feasibility study for an initial 25,000 tonnes of copper per year plant in Queensland. They enter as project partners with the federal government (Invest Australia), Selwyn Mines Limited (regional copper concentrates producer), HG Engineering (design engineer), ABB Industry Pty. Ltd. (electrical and process control supplier) and Westpac Institutional Bank (project financial adviser). Mr. Wood added: "We have also commenced a feasibility study for a plant to operate in British Columbia, where base metals producers must bear heavy transportation costs, as well as high smelting and refining charges overseas. Generally speaking, both the western hemisphere and Asian markets are especially exciting to Intec, as miners face the need for a quantum reduction in their production costs due to systemically lower metals prices, despite increasingly stringent environmental regulations. The Intec process addresses both of these issues better than any other known technology." The current value of the world base and precious metals concentrates processing industry is about $7-billion (U.S.). Originally developed for production of copper, the Intec process has evolved also to treat zinc, lead and nickel concentrates and their associated byproducts and is now poised to extract all saleable metals from polymetallic concentrates. Mr. Wood concluded: "As an ASX-listed entity, Intec offers Australian and international investors the opportunity to participate in the exciting future of the locally developed but worldwide patented Intec process. Our technology has the potential to radically change and improve the world's base metals industries by enabling pure base and precious metals to be transported directly to markets from mine sites, rather than sending bulk concentrates to distant 'smokestack' smelters. "In fact, the Intec process produces no liquid effluents or noxious gaseous emissions, while the solids residue following processing treatment is stable and readily capable of disposal in a managed landfill or tailings site. The Intec process also consumes significantly less energy and therefore is responsible for reduced greenhouse gas emissions, relative to any other hydrometallurgical processes," he concluded.

To: Claude Cormier who wrote (3277)	4/25/2002 2:49:17 PM
From: Brumell	Read Replies (1) \| Respond to of 39344

Golden Goliath arranges $600,750 private placement Golden Goliath Resources Ltd GNG Shares issued 17,985,001 Apr 24 close $0.45 Thu 25 Apr 2002 News Release Also Agnico-Eagle Mines Ltd (AGE) Mr. J. Paul Sorbara of Golden Goliath reports $600,750 PRIVATE PLACEMENT ANNOUNCED Golden Goliath has retained Canaccord Capital Corporation as agent for a private placement of up to 1,335,000 units at 45 cents per unit to raise gross proceeds of $600,750. Each unit consists of one share plus one share purchase warrant, exercisable for a term of 18 months following closing, at a price of 50 cents in the initial 12 months of the term, and at a price of 60 cents thereafter. Canaccord Capital will be paid an 8-per-cent cash commission, an administration fee, and will receive agent's warrants equal to 10 per cent of the units placed having the same terms as the warrants forming part of the units. The placees are Agnico-Eagle Mines of Toronto, Ont. ($500,400), and a United Kingdom investor ($100,350). Agnico-Eagle has been a shareholder of Golden Goliath since its initial public offering in October, 2000. The company is pleased with this continued show of confidence and will use the additional finances for the expansion of the drilling program now under way on its 100-per-cent-owned Uruachic gold-silver properties located in Chihuahua, Mexico. (c) Copyright 2002 Canjex Publishing Ltd. stockwatch.com

To: Claude Cormier who wrote (3277)	4/25/2002 2:52:59 PM
From: Fishfinder	Respond to of 39344

I have a call into CBD. News from the front desk today thus far stated that they are mostly focused on the meadowbank property. The Maliadine properties are up for sale by the austrailian partners and not much going on there. I'm out of FGX because of the river. So be it. Maybe I'm wrong, maybe I'm right. Its very rough terrain there and it is going to be difficult to mine with-out causing adverse effects on the river. MFL on the other hand has no environmental problems that I can see thus far. They have huge potential with a sizable open pit at Delores with a thirteen year mine life!! They also state that they have a whole lot of underground prospects at Delores that will come to light once the top has been mined. Drills are moving into Delores by May 15 to expand to the south and drill some deep targets. There is also a huge property at El Malacates (sp)? where drills are turning as we speak. I own shares in MFL. Wish I had more. Scott