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Microcap & Penny Stocks : IKAR MINERAL CORP...(IKAR)..looks to be ready & surprising -- Ignore unavailable to you. Want to Upgrade?

To: Beverley Davies who wrote (42)	11/11/1997 9:50:00 AM
From: Ga Bard	Read Replies (1) \| Respond to of 188

Excellent site Beverly ... I would like to point out a few things... ~TRY $15 PER TON --- IF YOU'RE LUCKY...~ Answer: Current US Quote form Northern MINER October 20th Spot Ore $4,500.00 per ton (US) which is at 2% profit is $80.00 per ton profit. I have verified this figure with 3 financial institutions as a low ball conservative figure If you check the existing tungsten mining companies (other than IKAR) you will also note that: ~1. IF the reserves are of HIGH grade ~ Answer: (IKAR = 1.77% surface / USSR = conservative .62% Overall) Kilgory is over there now doing the drilling samples to back up USSR reports. ~2. IF the reserves are accessible year round ~ Answer: Tunnels are already in place and road is completed and campsite so year operation is possible. Only 3 months out of the year can not have surface work done. ~3. IF the reserves are not radioactive~ Answer: Verified already NOT RADIOACTIVE. then: ~1. The ore may be worth $55 per MTU. ~ Answer: Lowest MTU for unrefined ore is $84.00 as of October. ~2. And the expenses to mine each MTU will likely be $40 or MORE.~ Answer: Estimated extracted is $32.00 - $35.00 MTU on budgeted cost analysis. Because everythig is already there the tunnels, the roads, the campsitte. ETC ETC ~That leaves maybe $15 per ton of ore in profits, and you won't get any $$$ any faster than it can be dug out of the ground.~ Answer: Well typical this correct EXCEPT there is a shortage of Tungsten. in the world market and GOVERNMENTS are looking to lock into any Tungsten they find. Existing mines are running out of ore. So we have GOVERNMENTS looking to import any possible options there are. How it is very possible that governments would be highly interested in SECURING any possible extraction and supplies of ores that exist. . ~ However, it is rare to find a tungsten mining company that is earning a profit these days.~ ANSWER: They are all running out out of ore PEROID which is clearly stated in the site Beverly posted. Profitablity is also in the mangement team PLUS they intend to use Tajick labor which is cheaper since the concession is located in a poor country and the mining brings employment. ~TUNGSTEN MINES ARE NOTORIOUSLY EXPENSIVE!!~ Answer: Typically you are correct went mining a .6 and the labor is 10 times higher that the Tajick. So you have lower content of ore and higher labor. Plus a new mining operation has to pay for site development which is already in place for IKAR on their concession of land. ~Plus, latest financings will likely further dilute earnings.~ Answer: Without financing NO BUSINESS GETS STARTED... If a country enters a CONTRACT they will provide a letter of credit that is not considering financing. Once they are rolling the will not need financing. (Business 101) ALSO 6 million shares in the float. There are NO REASON to DILUTE this float. I want to thank you for the opportunity to respond to your questions. Any response negative or positive will be appreciated. Thank GaBard PS the Northerner Miner Newspaper Websire: northernminer.com PPS: Also IKAR is presently creating a website .