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

To: Claude Cormier who wrote (15213)	7/31/2003 1:22:46 PM
From: loantech	Read Replies (1) \| Respond to of 39344

Claude, I agree with all you say about costs, except let's hope China does not show the same type of respect to Mongolia as they have Tibet and the Buddhists. I may be living in the pasts but .......... Tom

To: Claude Cormier who wrote (15213)	7/31/2003 2:06:24 PM
From: TheBusDriver	Read Replies (1) \| Respond to of 39344

What is the matter with SUF? Great news and the stock slumbers with 17k volume??? GRRRRR.... new.stockwatch.com Wayne

To: Claude Cormier who wrote (15213)	8/1/2003 12:30:42 AM
From: E. Charters	Read Replies (1) \| Respond to of 39344

IVN has two choices. They can ship in and out by truck, or rail. They need lots of in shipping, of coal, fuels, acids, reagants, parts and people. Rail is 3 times cheaper per ton mile, but there is no rail built. They either ship to the rest of the world through Russia by BAM, India, or China. These rail lines are not cheap and they would have to be built to connect. If they depend on a 30 year orebody shipping through just one country, and selling to just one country then they are sort of ficked for price adjustments. They may have to settle for unfavourable smelter contracts. This sort of project is not one you build if you don't own a smelter. Smelters with copper feed a-plenty can just say no, like it's drugs. Then you pay their price, they don't pay yours. And that will happen, not matter what the forecasts. If there is any drop backs in world economy and something tells me there may be in the next ten years, or any copper glut then any high cost or low grade porphyry will suffer. TG was NOT low grade, nor was Highland Valley and they both lost money about 40% of the time in the 1980's. Look at the figures for Highland Valley for 15 years. Lots of money losing years. Base Metal is NOT the game for a junior to be in, unless it's a sell-out or hand-off. There are only a few players to take this. Sumitomo, Noranda, Kennecott, BHP, Phelps-Dodge, Teck-Cominco, Asarco, Rio-Tinto, Newmont, UM or Metalgezelshaft are about the only ones who could do it or would have the interest. There is also China Non-Ferrous and Hindustan Copper. If these guys don't get interested, then no-one will. english.peopledaily.com.cn EC<:-}