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Gold/Mining/Energy : Donner Minerals (DML.V) -- Ignore unavailable to you. Want to Upgrade?

To: Douglas who wrote (494)	10/23/1997 8:01:00 PM
From: Karl Zetmeir	Read Replies (1) \| Respond to of 11676

Have you looked closely at US Treasury bills or even passbook savings? You might sleep better with them.

To: Douglas who wrote (494)	10/23/1997 8:02:00 PM
From: the Chief	Read Replies (2) \| Respond to of 11676

Douglas said:"Well to make a long story short,I sold my interest in both these two companies today.For reasons that were well beyond my understanding of mining,he found the valuations on both these two stocks laughable"."From my point of view,who am I to argue with someone with so much knowledge and experience." If you sold your stake in both these companies because of an over-valued marketcap, your reasoning is logical. However, let me remind you every other play that developed into a discovery suffered the same inflation. DFR was over market capped for the duration of its drill program. This is why they call these stocks "speculations". The market is willing to pay a "premium" for the "right" to catch the next DFR. Lastly, to show you there are two sides of a coin. If your geologist buddy had the rights to this property and was given 1,000,000 shares for it by CRN or DRZ he'd be blowing the merits of this market cap from the highest hills. Ultimately its greed and fear, you chose fear, others choose greed. You are betting it won't turn into a play, others are. You think the market cap is to high, others disagree. DFR was called a dud by every person "who didn't own it". Thats why when Bre-X failed every analyst that never got quoted touting the stock stood up and said "I told you so". (only one analyst could be found all the others were trying to erase the video tapes of themselves glorifying it) I agree that there are people on the threads that pump but they don't unfairly out weigh the shorters, so we all reach a happy medium. Your concern is appreciated but its also predicted. the Chief

To: Douglas who wrote (494)	10/24/1997 5:56:00 PM
From: Jim Steel	Read Replies (1) \| Respond to of 11676

Not to be cynical, which I frequently am with mining investments I hold - make the diagrammatic cross section/ long section with holes 65, 66, 67, and 75. Even though only 67 and 75 hit, you can easily spot a hole maintaining an equidistant drill spacing from these two with a 95% chance of hitting 10% Ni and 7% Cu over 1m. Download the map from Donner, strain your eyesight, and you'll see what I mean. This would show continuity but not define the elephant, but the stock would likely react favourably. Not something that Teck would do, given that current drilling isn't even close to the interesting bits of the gravity/mag/em anomaly, but an exploration option none the less. Cartaway? Did anyone ask how much pyrrhotite was in the sample? Zero economic value, but gives wild EM anomalies and really heavy core boxes. Cartaway was one of the few plays that give real evidence you should short the stock for all you're worth, never mind the ridiculous valuation. Champagne in an exploration camp? Poofs. Real field geos have always drunk beer. In quantity. Regards, Geo-fanatic Ujina