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

To: Cogito Ergo Sum who wrote (16610)	8/13/2003 11:01:23 AM
From: Eva	Read Replies (1) \| Respond to of 39344

Re: CNI <<Our drilling has more than tripled the previously estimated inferred resources at Onca-Puma," said Michael Kenyon, President and CEO. "The new resource estimates demonstrate that this project hosts one of the bigger tonnage and better grade undeveloped nickel deposits in the world, and we are determined to develop it in the earliest possible time frame." >> CC was right!!!!!! eeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeva CNI resumes trading, Happy hunting! Edit:CNI halted again, hold your horses

To: Cogito Ergo Sum who wrote (16610)	8/13/2003 11:18:36 AM
From: TheBusDriver	Respond to of 39344

Beat me to it!<g> $9.23 on the ask! Probably Dave is pushing the price up! Wayne

To: Cogito Ergo Sum who wrote (16610)	8/13/2003 11:29:24 AM
From: Claude Cormier	Read Replies (3) \| Respond to of 39344

Impressive, almost 200M tons at 1% cut-off. And I like this high cobalt content at Onca. It is now likely they will produce a nickel matte as Inco is doing at Pt Inco.

To: Cogito Ergo Sum who wrote (16610)	8/13/2003 12:30:11 PM
From: loantech	Read Replies (1) \| Respond to of 39344

Kastel, As far as I know there are only two people who did not like CNI and that is Rose, Ol 49'er, gt (is that three people as she is a bit like Sybil) and EC. He and gt make two of a kind. LOL. tom

To: Cogito Ergo Sum who wrote (16610)	8/13/2003 1:18:22 PM
From: E. Charters	Read Replies (1) \| Respond to of 39344

Toi toi bound. I used to know the head of precious metals recovery department for Inco and he worked in Honduras for them on a laterite. He said that in fact laterites were more expensive per pound of nickel to work and the recovery wasn't much better than 50%. Nickel laterites must be gravity recovered, as there is no chemical process to do so. At the feeder breaker in the harder rock portions they reject a large portion of the non paying material by its difference in crushability. This is a high loss process. In addition the process to smelt or refine the concentrate is more expensive as the concentrate is lower grade. Some of the nickel species is nickel silicate and therefore unusable or more properly inspearable from the waste. All the mill can produce in Brazil is a ferronickel material that must be refined. This means Inco can buy it at advantageous prices. I would suggest that they won't get top dollar for this mixed iron-nickel product. It won't be 4 dollars a pound. Take their real recovery and the real prices they get and the real Brazilian exhange rate and that 100 million tons is the equivalent of a sulphide pit at .7% nickel. They will get 50% of that 3% and they have to ship low grade ferronickel. Knock off .3% for that. Knock off .3% for the exchange rate, and knock off .2% for the higher cost of smelting and refining. Knock off .2% for the higher cost of power at that location. Finally they will get paid half the world price if they get paid at all. So it is a 50 million ton pit running .7%. And I know where there are lots of sulphides at .7%. EC<:-}