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

To: Jimsy who wrote (2458)	12/18/1997 3:08:00 PM
From: VAUGHN	Read Replies (2) \| Respond to of 11676

Hello All One issue that has not been discussed for some time is Atamira's underwriting of some of DML's paper. As this is the start of mutual fund season, some of this buying might just be Altamira or another junior resource fund accumulating at the lows in anticipation of the coming activity this spring and summer. When I spoke to DML several weeks ago they suggested that they though there would be some accumulation by mid January. This may very well be what they had in mind. On the other hand, they may be aware of some off shore buying, etc. that plans to take a position. Regardless, you have to assume that DML and NAI are in play and have the interest of the street and industry. Don't be surprised if we hear more about this in a month or two. Walt, I appreciate that a 200m pit would be a deep one but compared to the 426m peak removed a Bingham Canyon, Utah or the subsequent 300m pit excavated just by the mid 1950's let alone whatever depth it is at today, I would suggest that it is not without precident. If the ore is valuable enough whether through quantity or grade, it is a possibility on a cut and fill basis. Not at 1% over 15m but potentially over 50m or higher percentages. Just a thought. Regards