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Gold/Mining/Energy : ECHARTERS -- Ignore unavailable to you. Want to Upgrade?

To: Bill Jackson who wrote (1927)	12/4/1997 10:17:00 AM
From: Cumbrian	Read Replies (1) \| Respond to of 3744

I would suspect INCO would try and walk a fine line of keeping prices up to maximixe profit but not so high as to attract new players into the market. It would appear from the last press release that INCO is reversing it's long term goal of being the biggest supplier at any cost to at least taking profit into account. On production levels, if Voisey's bay was on line at full production today INCO could sell every LB produced without having to look for any new customers? As INCO is figured to be in the middle of the cost producers this would I expect exert pressure on the higher cost producers to take capacity off line (it is easier to drop small production plants). If the Ni market continues to expand at the same rate it has the last several years a Voisey's bay will need to be brought on every 3 to 4 years? Geoff.

To: Bill Jackson who wrote (1927)	12/4/1997 10:50:00 AM
From: E. Charters	Read Replies (2) \| Respond to of 3744

That is not true about site size. They still only control the portion of the world market that they control. Inco about 30 and Falco about 15. But one can with cheaper nickel always fek the other in the market, which Inco has always done. It is called Metalomania. They also have to friendly with the Russians and other beasts though so it is less of a control domain. Tragedy of the commons will no doubt ensue and there will be a lot of skinny horses soon. BTW what do you think of the sediments along the Grenville running into the Serpent.? It must be endogenetic after all. Too much quiet phase mineralization. A lot of alkaline intrusion into that whole axial system too. I think the whole thing is related to extreme Grenvillean orogeny that tapped mantle roots. That is where you see the deep seated mantle minerals upwelling all along its edge. They should do a study for pervoskite and omphacite along there and into Cobalt.