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

To: E. Charters who wrote (25940)	12/24/2003 11:57:47 AM
From: hank2010	Read Replies (1) \| Respond to of 39344

Check your backside, Eric. I think it is sucking wind! In to-day's world, the personal contacts do not count as much. The hard dollar bids do! Most mining companies contract out the supply of bits and steel on a per foot drilled basis. Fagersta/Secoroc (now owned by Atlas Copco) and Sandvik are the only real competitors in the hard rock of Sudbury. reason is they have the only materials that will stand up. ask the Sudbury boys! Same with Hemlo. Same with Timmins. Same with the mining contractors! Drive thru any of the bigger mining towns in the PreCambrian Shield. Sandvik & Fagersta/Secoroc/Copco have the drill steel re-conditioning and bit sharpening shops in all the towns that have significant mines. Production miners no longer use diamond bits for their drilling. Way too expensive and way too slow. For percussion drilling, the diamond bits were phased out 40 or more years ago, when advances were made in the metallurgy of tunsten carbide. They are only being used for core drilling nowadays.