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

To: Claude Cormier who wrote (24674)	11/28/2003 12:19:33 PM
From: Proud Deplorable	Read Replies (1) \| Respond to of 39344

While you're here. RE ADD Actic Diamond...how close is it to this place ? --- De Beers makes Victor diamond project top priority By Gregory Reynolds Wednesday, November 26, 2003 - 07:00 Local News - It appears the De Beers diamond project in the James Bay Lowlands has moved to the head of the company’s priority list. De Beers Canada president Richard Molyneux says “there is a good chance the Victor Project will be the first mine commissioned in Canada” by the world-wide diamond marketing giant. The company has been working for years on obtaining approvals for a diamond mine at Snap Lake in the Northwest Territories. Canada’s only two producing diamond mines are in the N.W.T. and industry experts have long predicted De Beers would get Snap Lake producing before Victor. Molyneux was interviewed Tuesday on CBC Radio and cautioned the project 90 kilometres west of Attawapiskat has yet to receive final approval by the company’s board of directors. Similar to other company officials, Molyneux said he was “optimistic the project would proceed.” The deadline for the approval is May because the company needs to use the winter road from Moosonee to Attawapiskat. The road is usually opened in January and the president said it was important to use it in 2005. A huge amount of equipment and supplies has to get into the site during the few months the winter road is open. He also said the company is hopeful that other diamondiferous kimberlite pipes around Victor will enable the company to extend the purposed mine beyond the present projected life of 12 years, 2007-2019. The company found 18 pipes in the Attawapiskat area and 16 of them are diamondiferous. The company has taken bulk samples from three besides the Victor, the Tango Extension, Delta and India but has announced no results. Northeastern Ontario communities are hoping to benefit from the huge project (Victor mine manager Tony George estimated development costs at $825 million) and Molyneux dealt with this question.

To: Claude Cormier who wrote (24674)	11/28/2003 12:29:46 PM
From: TrueScouse	Read Replies (1) \| Respond to of 39344

Claude: Today's London PM fix is the highest monthly close since February 1996. HUI, XAU, NEM, G all at new highs. November was a great month... and exploration season in the Sierra Madre is only just beginning! <vbg> Best regards, Howy

To: Claude Cormier who wrote (24674)	11/28/2003 12:32:38 PM
From: re3	Respond to of 39344

anyone know this one ? finance.yahoo.com

To: Claude Cormier who wrote (24674)	11/28/2003 12:47:29 PM
From: jrhana	Read Replies (3) \| Respond to of 39344

Anybody who does not realize that all of these guys are extremely risky has only himself to blame However it is exactly from these high risk situations that the most money is to be made. I personally would prefer to die than allow one tear if I fail in my speculation. As the old samurai said (to paraphase): If it goes against us, just try and stay alive to fight another day. I detest whining. This is not the time for cowards or cowardice.

To: Claude Cormier who wrote (24674)	11/29/2003 8:51:42 AM
From: E. Charters	Read Replies (3) \| Respond to of 39344

High risk, high reward. the main causitive areas of risk failure in mining exploration have been recently defined by financial analysts. They are, (not necessarily in order of importance.) 1. Incompetence in grade determination by investigative personnel. 2. Incompetence in structural deterimination by investigative personnel. 3. poor target selection by investigative personnel. 4. poor budgeting and money disbursement planning 5. poor technical methods of exploration by investigative personnel (poor interpretation competence for targeting data i.e. geophysics, core analysis) 6. poor target scaling for nature of company's financial capabilities. 7. poor defrayal of risk/uncertainty in lack of multiple target/property selection. 8. excessive expenses in acquisition of property 9. bad timing with reference to market cycles. 10. government interference in sector and environmental policies 11. government policies with respect to investment 12. social unrest and community opposition to development projects 13. changes to taxation policy regarding industry sector in production, and investor income. 14. lack of integrity of partners, corporate people, field personnel, land owners (Bre-X) 15. sector market cycle variability 16. interest rate effects with respect to broader market. 17. goverment corruption 18. infrastructure weaknesses in area of projects 19. competition from industry players. (including espionage and interference) 20. lack of support for target projects in brokerage community. 21. incompetence in project viability assessment amongst brokerage community. 22. bad planning with respect to metal price cycles/metal price cycle variability 23. bad luck EC<:-}