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

To: Wizzer who wrote (6329)	7/29/1998 7:27:00 AM
From: donkeyman	Read Replies (1) \| Respond to of 11676

Nickel prices on world markets have been cut in half since INCO purchased Voisey Bay for $4.3 billion. I guess in today's market that would mean they would have only paid $2.15 billion. Would it also mean instead of Diamond Field shares jumping from $1 to $160 per share, it would have only jumped from $1 to $80 per share? That doesn't look too bad either in my opinion. It's no doubt, the Nfld. government doing a deal with INCO when nickel prices are depressed is not good business for Newfoundland. Maybe in a few months nickel prices may be up, but I expect the federal government may have jumped in by then to get this ball rolling.