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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (2875)	7/22/2002 3:40:01 PM
From: abuelita	Read Replies (1) \| Respond to of 89467

not just an excerpt jim - give us the whole thing. hoser

To: Jim Willie CB who wrote (2875)	7/22/2002 4:12:20 PM
From: SOROS	Read Replies (1) \| Respond to of 89467

I bought several chunks of TNX.TO after re-reading Sinclair's remarks in an interview: Jim called our attention to the December 10, 2001, Forbes review of his career in gold, which said that his private company was the largest gold play he has ever made. I recall he was long 22,000 Comex gold contracts in 1979, so it must be in Jim's mind a significant situation. He has put many personal millions into his private company (no investors), Tanzanian American Development, having explored with the latest technology 52 concessions in the Tanzanian Greenstone Gold Belt. The area is the home of Barrick's keynote Bulyanhulu mine. Jim's concessions cover an area approximately the size of Connecticut. Jim has already dealt 13 of his private company's concessions to a major mining company. He gave Midas many reasons why he believes so strongly in the new situation of the merged entity, Tan Range, which motivated him to deal his entire private gold company into TNX. He writes: "1) TNX has substantive and experienced people in management. Myself as chairman, Hardie as CEO, Kreczmer as president, and a good board of directors handling matters technical and financial. "2) TNX now has a total of 71 mining concessions in Tanzania, with the majority of them representing the bulk of the Archean Tanzanian Greenstone Gold Belt not already in the hands of majors. "3) Now a number of TNX's concessions are directly on border with and strike line with the Bulyanhulu, which is Barrick's keynote new property. "4) A significant amount of TNX's concessions have meaningful artisan gold mining activities already taking place. "5) TNX now has 14 concessions already dealt to majors. "6) TNX has an advanced concession with a major showing the signs of being on its way to development into a mine. "7) Now the combined present cap value of TNX is only $25 million, which is in line with the costs of the present properties. "8) Now TNX has the potential of more deals with majors in the near term." I recall that when Jim was chairman of Sutton Resources, there was an up move from C$0.19 to C$56. So I asked him what the chances of a replay are. He said he and his new associates would do their absolute best.