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Gold/Mining/Energy : A to Z Junior Mining Research Site -- Ignore unavailable to you. Want to Upgrade?

To: TheSlowLane who wrote (2985)	1/28/2003 11:05:41 AM
From: 4figureau	Respond to of 5423

Paul...there are a few resident experts here at SI. I will ask some of them to respond to your post. Cheers! 4f

To: TheSlowLane who wrote (2985)	1/28/2003 11:15:50 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 5423

Paul, Announcement of the start of a pre-feasibility study is usually a non-event. The meat is in exploration results or the results of these same prefeasibility study.

To: TheSlowLane who wrote (2985)	1/28/2003 1:01:53 PM
From: GeoDude	Read Replies (1) \| Respond to of 5423

Paul, the news release by DSM says very little of substance. To understand better would require a review of all past releases + geological information. 73,000 oz/year is a small project but may be OK if DSM is a small company. $16MM in CAPEX is real small (too small?) but there may be some mitigating circumstances that a lecture of previous releases might bring up. If I have some time, I will dig deeper but at this time looks like small potatoes ... LIA

To: TheSlowLane who wrote (2985)	1/29/2003 9:15:05 AM
From: russwinter	Read Replies (1) \| Respond to of 5423

I'm not familiar with this company so I won't comment one way or another, but an important aspect to look at are costs necessary to bring this to feasibility (now just a scoping study). Also how much are the costs (capex) necessary to develop this project into a producer. The 188 cash cost claimed here is rather average on the producer scale. Finally as a general observation, juniors are still facing a very high and dilutive cost of money and are still effectively choked off (as are most resource based enterprises)from the capital markets. Mines such as this one are very profitable at $370 POG, but apparently the capital market (stock prices) doesn't thinks so. Finance will be a key determinant of shareholder (existing) success going forward.

To: TheSlowLane who wrote (2985)	1/30/2003 2:44:18 AM
From: marcos	Respond to of 5423

Bharti had Jacobina in production before, in his William Resources, a big Bay Street pump in the mid-nineties .... sometime in '98[?] the mill went down on them, they had spent all the great pile of money they'd raised through various big-time houses like Midland Walwyn on about four widely-strewn iffy properties in four countries not contiguous to each other, and they didn't have the money to fix it .... gold had tanked and was lying there dead, so they couldn't raise any more, folks sort of lost confidence having seen what they'd done with the first lot ... so they dealt it off, maybe to this Desert Sun at the time, don't know McCarvill is on the board, that would impress some if you could convince them it would be his favourite, which is not always true of all directors on all boards, is it .... note of interest - Taylor is the canuck ambassador who hid US nationals from the mad mullahs' mobs in 1980 Iran, then snuck them out of the country ... this could easily be trivia only, with no great significance to the play William Resources became William Multitech or something, with at least two rollbacks in there, now last friday wim.v [dropped off Toronto even, used to be wim.to] became Valencia Resources, after another 1-for-100 rollback -g- They are connected, and probably can get financed again, but personally there is no way i will tuck B's paper away and call it long term buy and hold .... fwiw .... actually, i heard about this one a while ago, looked into it, passed on to others .... maybe for people without the memories it could be different, who knows .... cheers