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

To: mad cow II who wrote (3770)	3/24/1998 4:10:00 PM
From: Ed Pakstas	Read Replies (1) \| Respond to of 11676

Mad Cow... U some kindof mathematician or sumptin'... I for one couldn't even begin a calculation like that one, never mind tryin' to comment on it... Geeeeeze!!!...ed

To: mad cow II who wrote (3770)	3/24/1998 7:28:00 PM
From: VAUGHN	Respond to of 11676

Interesting read Mad Cow Welcome to the thread. Had a pleasant chat with the DML folks today. As soon as I get some time tomorrow I'll post, but no earth moving news. Regards

To: mad cow II who wrote (3770)	3/24/1998 11:45:00 PM
From: Winer	Read Replies (1) \| Respond to of 11676

Price/Resource Calculations, Geophysical Surveys, Astrological Forecasts, Bollinger Bands, Sgt. Peppers Lonely Hearts Club Band, Tea Leaves, Canacrap Morning Coffee News ..... Get me to an exorcist!!

To: mad cow II who wrote (3770)	3/25/1998 8:24:00 AM
From: ziggy	Read Replies (2) \| Respond to of 11676

Good to see such calculations as they allow the average investor to approximately judge, in ballpark figures, any drill results that lead to inferred mensurations of ore content.I provided 22 COWS with some parameter constraints for similar calculations as i understand he had some bovine friends who also happened to be geologists----I presume you may be one of them. never mind Winer, as his sarcasm is nothing more than an oedipal hostility to the parental connotation that he attaches to the word 'cow'.By the way, drilling will not take place before mid-may.

To: mad cow II who wrote (3770)	3/25/1998 9:09:00 AM
From: 1king	Read Replies (1) \| Respond to of 11676

To: "Mathematical" Cow Doesn't it depend on whose ground the orebody is found? Do we assume it is found on NAI :-) All the JV's are not the same. INCO's price was based on 150 mT reserve/resource. This is the number used internally in INCO calculations to value the project. It is not correct to assume that 81.7 mT of ore is worth 4.6 billion. I must also check the published grade of the Eastern Deeps ore. It does not seem to match my recollections. Vague as they are. Here we must also factor depth in a mining cost. We have subcropping ore versus ore one kilometer deep, yet they have the same value (contained metal value). In your model where would the DML ore body be? This appears to be combining apples and oranges to come up with bananas. While gross value is the easiest to calculate I don't think it is representative in this case. Your final valuation is quite interesting but a few changes maybe in order. For one, try a cubic metre of ore weighing closer to say 4.65 tonnes. It was quite a feast for thought. Hopefully with some further input on this tread we can make a viable model just for our amusement. 1King