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

To: Karl Zetmeir who wrote (2959)	1/15/1998 10:34:00 AM
From: VAUGHN	Read Replies (1) \| Respond to of 11676

Hello Karl One last thought on this subject. Inco's mines are as deep as two miles or more and with labour settlements, are increasingly expensive on a $/tonne basis. Still competative, they have to face the facts that Sudbury and Thompson arn't going to get cheaper to mine. VB gives them an open pitable near surface deposit and a virgin underground deposit in the deeps. After initial capitalization which is tax deductable, they will be producing nickle, copper and cobalt there at reduced cost and increased profit margins to their Sudbury and Thompson operations. If nothing else, this gives them leverage on futur union negotiations in those locations. If your producing at a lower cost than the competition, you survive and prosper. SVB's potential lies in proving up high grade and/or near surface deposits. If they are cheaper to mine than existing ore bodies else where, have no fear about SVB's player stock prices. Regards