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

To: Feline who wrote (2366)	12/14/1997 5:37:00 PM
From: Ron Jones	Read Replies (1) \| Respond to of 11676

I may be way off base here, but I don't recall anybody addressing the line in the Dec 8 NR that said drilling was continuing within the basement gneisses to check for a possible extension of the 11% interval. Could the fouled up issuance of news have forced them to release assays from only the upper part of the hole before the entire hole was assayed, with the bottom part to follow? Being a complete greenhorn re geology I'm not sure whether this could be a logical sequence of events. This point may have been covered before, but I don't recall reading it. Ron

To: Feline who wrote (2366)	12/15/1997 12:29:00 AM
From: Garry	Read Replies (2) \| Respond to of 11676

How do those numbers add up ??? Information provided by e.Charter ***************************** The Canadian Mining Newsletter Dec 14 1997 *************************** Donner Minerals DML/VSE Donner has announced a wide step out hole that came back with 15.7 metres in core of about 1.13 % nickel, .78% copper and .20 % cobalt. Now that is 51.51 feet of ore. 22.6 pounds of nickel worth $62.38 US per short ton. .78% copper is 15.6 pounds worth $12.65 US per short ton and 4 pounds of cobalt which is worth $104.00 US. That is a total of $179.00 US per short ton or $255.00 per short ton CDN, NOT COUNTING THE PLATINUM GROUP ELEMENTS WHICH ARE SURELY THERE. The PGE's and other precious metals alone could add almost $40.00 per ton US to the value of the ore. The historical average grade of the Sudbury camp is 1.2% nickel for 100 years. Average widths mined were about 20 feet true. This deposit is, so far, by this hole perhaps 35 feet wide true and this demonstrates that the deposit could hold a few tons and may be eminently mineable. Do I believe the Donner results are hopeful? Yes. And it could get a lot better. What had concerned me in the past was that the usual sulphide phenomena is narrow stays narrow. But wide begets wide and we have seen it here. It is still a gamble as the market want spectacular, not average grade and the short term view of metal markets is depressed. Still, the Donner stuff is a very interesting discovery. ************************************************************************

To: Feline who wrote (2366)	12/15/1997 11:33:00 AM
From: Kent C.	Read Replies (1) \| Respond to of 11676

Hi Feline, Here's what Canaccord can up with for their valuation on the assay sample: At metal prices of US$2.80/lb. Ni, $0.80/lb. Cu, and $15.00/lb. Co, the gross value per ton is US$135.68, with Co representing nearly half this value. Current spot Co prices are in the US$24.00-25.00/lb. range, but our longer term outlook for Co is bearish, thus we have employed a discounted figure in the above calculation. from Canaccord Research. Cheers, Kent kent@investor1.com