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

To: TheSlowLane who wrote (13562)	7/8/2003 8:35:01 AM
From: Bruce Robbins	Read Replies (1) \| Respond to of 39344

Pretty impressive..

To: TheSlowLane who wrote (13562)	7/8/2003 8:58:05 AM
From: russwinter	Read Replies (2) \| Respond to of 39344

Wow, another Grasberg, but in a dry climate, and without the mountains and jungle (capex). Easily the best interval widths and grades I've ever observed in exploration results. Astonishing how sleepy the stock's been up to now.

To: TheSlowLane who wrote (13562)	7/8/2003 9:05:21 AM
From: que seria	Respond to of 39344

Wow! A large low grade deposit is on the way to becoming a larger higher grade one. Conveniently located next to the world's primary copper market and with a nice gold kicker. This is better than owning all the copper in Katanga, where you'd spend a large part of this project's development costs just buying off the regime and fending off the natives, yet still remain unsure if you really owned it. No big environmental issues here, I expect. Some will think they can't waste a wasteland, but the desert has its own beauty. I bet Friedland will seize the chance to make an environmental set-piece out of the project. That's easier if the only ones looking are goats and nomads, and the excavations and tailings appear similar (from afar) to what was already there. Best of all, this project is shaping up to be one that can get developed in good or bad economic times, given its location, size, and now grade.