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Gold/Mining/Energy : Oil Sands and Related Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Taikun who wrote (2071)	8/27/2005 10:05:01 AM
From: Tommaso	Read Replies (1) \| Respond to of 25575

I just worked up an estimate to see how credible WNWG claims were for 100 million barrels on a claim of 600 acres. That didn't sound like a very big claim to me, being less than one square mile. However, best I can guess, if there's a layer of tar sand 100 feet thick or more, it could contain about that amount of oil or at least that amount of bitumen. As I posted, I bought a very small position in WNWG just to make sure I follow it.

To: Taikun who wrote (2071)	8/27/2005 10:10:11 AM
From: Tommaso	Read Replies (2) \| Respond to of 25575

>>>and selling bitumen (as BVI.TO does) isn't that profitable. <<< It could become more profitable. Tar for paving and filling potholes is an important item in every municipal budget, and people demand good roads. In our local paper last year there was a story about how much more it was going to cost to buy the asphalt that it had been in earlier years. Some years ago I was told, "If you really want to get rich, don't buy a gold mine; buy a gravel mine." It might be very profitable to supply to the paving industry. In earlier years asphalt was the lowest fraction left after the refining of crude oil, and was cheap. At least all this is my understanding.