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

To: ziggy who wrote (3777)	3/25/1998 9:16:00 AM
From: king tut	Respond to of 11676

I have done my own calculations on the potentail of the South voiseys bay project. Assuming a 20 million tonne deposit Donner shares would top out at 33.00 cdn at average grades of 2.5 ni, 1.0 cu .25 co and at current metals prices. Although if the base metals price rebounds which is very probable, Donner Minerals will stir up a lot of interest, causing a "market mania" and could top out at $50-$60/share. however huge tonnage potential exists there at south Voiseys Bay in the order of 45-60 million tonnes of high grade ore. One geologyst for Donner who has 20 years experience says" never such high grade core ever, in my twenty year career". You have to wonder about the newly appointed board member who has worked for the Ministry of mines in Labrador and NFL also responsible in some part for the Vosieys Bay discovery. to myself the core photos I have viewed looked very impressive.As for the rest of the board, they all have high credentials and experience(which is great). Tech the operator has 800 million in cash on hand to devolp this project if a deposit exists. NAI will have to dilute there share considerably to finance there share of capital cost to bring the potential deposit into production. just my thoughts.