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Gold/Mining/Energy : Weda Bay Minerals Inc -- Ignore unavailable to you. Want to Upgrade?

To: Intrepid1 who wrote (75)	4/6/1998 10:16:00 PM
From: The Count	Respond to of 98

Just some cutting and pasting from the www.weda bay forum: I didn't read any copyrights :) ---------------- Scotty, I beleive that the price of this stock is well below market value. Did comparisons to diamond fields voisey find. diaflds= 160,000,000 ton reserves 1.85% Ni .99% Cu .1%Cobalt Weda= 92,100,000-150,000,000 ton reserves 1.51% Ni 0.1% cobalt With this comparrason your $50.00/share is on the conservative side. I understand that this property is in Indo, but who cares with a property like this. Inco operates in Indo even under their situation. What I don't understand is how a stock like donner resources trades at the same price as weda, and only has one good hole reported. The other thing I don't understand is why this company is not promoting this property. One more thing, Noranda did not free up $2,000,000,000.00 liquid cash for nothing! Voisey sold for 4.3 billion ----------------- From: Doug Fosbrooke Friday, March 13, 1998, 2:30:18 AM Subject: Canaccord Research suggests $6.00 target for WDA. Message 6 Graeme Currie of Canaccord Capital has just published a Research Report which compares Weda Bay to some of the other Lateritic Nickel/Cobalt projects in the South Pacific. The report suggests a $6.00 target for the stock within the next 9-12 months. Contact Canaccord Capital Corp. to obtain a copy. Due to regulatory restrictions, Canaccord Research may not be distributed in the United States. ----------------------------

To: Intrepid1 who wrote (75)	4/6/1998 10:18:00 PM
From: The Count	Read Replies (1) \| Respond to of 98

From last news release: "With the Contract of Work signed, Mr. Clinton, President and CEO stated, "the company will now move forward expeditiously with development of its major nickel/cobalt resource which will produce annually 30,000 tonnes of nickel and up to 1,500 tonnes of cobalt. The grade, tonnage, metallurgy and logistics of the project will place it in the lowest cost quartile of nickel production". -------------- My question: does anyone know what is the next step? Feasibility study? Pre-feasibility? Bankable feasibility? (sp?) Vince