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

To: 1king who wrote (170)	2/10/1998 1:32:00 PM
From: Terry J. Crebs	Read Replies (1) \| Respond to of 1615

Ah, Mr. King, you are too eloquent for words. I agree that INCO's management deserves a large amount of "finger pointing & blame" for the recent stock and capitalization slumps. But concerning your quotes: >>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. << 1) Noril'sk is a great nickel-copper-cobalt-PGE district, but I think our VB is going to put a major dent in the economics of this Russian operation. IMHO, that is why the Russians and the scrap dealers are so successful in flooding the N market BEFORE VB begins producing. BTW, check out the Japanese fraud in the nickel-scrap game which broke this morning--I think it bodes well for the primary nickel producers when the "scrappers" start "scamming" the Brits <grin>. 2) I don't think INCO has ever been economically "protected" in Sudbury. Falco since the '20's has been a major and very successful competitor in Ontario. Most of Winer's posts on this board suggest to me that the Canadian media is usually a "critic" of INCO. (Sheesh, dude the INCO dudes and dudettes we work with aren't "fragile"-- "crusty" maybe but never "fragile" <grin>.) 3) Dude, every management I've ever worked for could be called "naive, egotistical, and over-promoting"--that's why I think they hire fine mining people like us. Yup, we "smart, humble, fairly-good-looking, and very polite" geophysicists will always be in high demand by such "interesting" management types. BTW, didja know "The Unsinkable Molly Brown's" maiden name was Tobin?? Such trivia you get for teasing your old geezer 'wizard. Good Luck & Best Regards, T.