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Gold/Mining/Energy : Inco-Voisey Bay Nickel [ T.N.V] -- Ignore unavailable to you. Want to Upgrade?

To: Terry J. Crebs who wrote (166)	2/6/1998 8:59:00 PM
From: don wang	Read Replies (1) \| Respond to of 1615

Why the politicians are not able to make wim-wim situation?

To: Terry J. Crebs who wrote (166)	2/9/1998 3:39:00 PM
From: Cumbrian	Respond to of 1615

I do believe that ore may be in the ground a little longer than many people think? Geoff Inco Ltd - CP says Inco and Falconbridge link planned Inco Ltd N Shares issued 167017887 1998-02-06 close $24.8 Monday Feb 9 1998 See Falconbridge Ltd (FL) In the News The Vancouver Sun reports in a Canadian Press dispatch in its Monday edition that Inco, the world's largest nickel producer, will disclose drastic production cuts this week and plans talks with its main rival, Falconbridge, to combine operations in Sudbury, according to Maclean's magazine. Facing a supply glut, plunging nickel prices and huge costs to develop its proposed Voisey's Bay mine in Labrador, Inco will start talks with Falconbridge about scaling back its Canadian production, according to Maclean's. A combination of production to cut operating costs would primarily affect Sudbury, the centre of the firm's operations. The plunge in nickel prices caused by Asia's economic crisis and the dumping of nickel on world markets by Russia have hammered the industry since last summer, producing losses and lower stock prices. Nickel prices are at a four-year low and Inco is struggling to finance the Voisey's Bay project.

To: Terry J. Crebs who wrote (166)	2/10/1998 11:05:00 AM
From: 1king	Read Replies (1) \| Respond to of 1615

Hey Mr. Crebs, INCO shareholders including you and your many many stock-options have only INCO to blame. INCO over extended itself on unproved tonnage and costly stock arrangements. It is kind of funny that Freidland screwed INCO hard for the deal and now his stock is worth about half the original value. You must be down a million or so by now as well. We insiders believed the tonnage was there but internal INCO sources confirmed that at the time of the deal the value was based on proven resources of 150-175 mT starting to come out of the ground in two years. They still do not have this tonnage proven and the first ore will not be shipped before 2002. INCO continues to screw itself by thinking they can buy the locals with INCO t-shirts and bowl through industrial legislation by economic threats. The biggest economic threat is reality! INCO has been living a fragile protected life in Sudbury. It is a high cost nickel operation that cannot withstand international competition. Modest research of the Norilsk situation should put more than enough fear in INCO shareholders. As the Russians ramp up on nickel economics and technology the nickel world will become a different place. INCO and INCO shareholders have NO ONE to blame but INCO and its naive, egotistical, over-promoting management. They will trim themselves (as they should) into a more lean organization because of the world nickel industry not some pathetic little provincial government. ttfn 1king