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Gold/Mining/Energy : Winspear Resources -- Ignore unavailable to you. Want to Upgrade?

To: E. Charters who wrote (7590)	8/7/1998 5:21:00 PM
From: marcos	Read Replies (1) \| Respond to of 26850

"Era un americano,un ruso y un mexicano que se perdieron en una isla ,cuando llegaron salio el jefe de la isla y les dijo se pueden quedar pero no quiero que se cojan a ningunas de mis viejas,y los tres le dijeron esta bien pasaron los dias y se las cojieron y sale el jefe muy enojado y le dice al americano en su idioma claro en que trabaja tu pap ,es electrisista y le electrocuto el pajarin, y luego le dice al ruso en que trabaja tu pap ,no pues es carpintero y se la mocho la ve.. y por ultimo ledice al mexicano en que trabaja tu pap y el mexicano se quita la ropa y le dice en paletero haber como se la acaba." netpro-mx.com Lots of data on the web giving the basic differences between the americano, the ruso, and the mexicano. Of course, it's mostly hecho en M‚xico, and babelfish can't find the words. There is imho no comparison between Russia and M‚xico - la corrupci¢n mejicana is far more refined, organised, and predictable. Also, you tend to get shot less. Almost bought more wsp on the close today and then thought 'noooo - cash feels good'. I don't see you over there in Antares' face, or dumping on Fleming for his bullying. So when they pick you off, should I speak up, or chuckle, or what?

To: E. Charters who wrote (7590)	8/9/1998 4:43:00 PM
From: E. Charters	Respond to of 26850

Speaking of communism do you see where Tobin wants to take Voisey Bay away from Inco and give it to someone who will develop it? I presume they will compensate them. Believe it or not, all Ontario patents and leases had the proviso that they were granted if an only if all metals were agreed to be refined and smelted in Ontario. It said so in the fine print of the lease on the front page. So Tobin's demand is well precedented. That agreement was broken by guess who during the second world war? Inco! They processed platinum and nickel overseas during that time and continued to do so after the war. Thereafter the Ontario gov't never again asked a company for in-province smelting and refining. And they had ways for gov't subsidized rail to prevent them from ever doing so. Ontario Northland railway prevented Texas Gulf sulfur from becoming one of the world's leaders in fertilizer production by setting outbound rail rates for finished production to prohibitive costs. So much for Northern Development. Who got the fertilizer business? Some American producers, Sherritt Gordon and Cominco. And then the gov't took over the potash fields. So the fix was in for the gov't takeover in Saskatchewan and why let the yanks compete? Should Tobin beat up on mother Inco? Should he tell them what the costs are? Does the government mine nickel? If they did I could tell you there would be no profit, so how they calculate it I don't know. One one side it makes sense to set up in Argentia. The platinum sludge is that much closer to Inco's overseas refineries.. and world markets can be reached a lot easier from Newfoundland than Sudbury. But a huge market is the midwest across the Lakes and that is a factor. But the new plant would be much more efficient and make more on throughput, and shipping cost of concentrates would be lower significantly. On Inco's side they have lots of plant refining capacity in Sudbury and capital cost at low low nickel prices speaks loudly. Profit, traditionally low in nickel copper with an unknown but substantial overseas platinum component is hard for the gov't to figure and is not more than 10% of thoughput in historic terms. This might climb to 15 % or more for VB. Inco does not even want to commit to underground mining. The province has a case, albeit a weak one. If the province has the hammer and comes down, is it not violating the competitions act by deciding who goes nickel mining in its own turf? .. is it not the business of miners to decide what and how much they mine? And we decry the former communist and other foreign governments for uncertain economic and development climates... are they that much worse? echarter@vianet.on.ca The Canadian Mining Newsletter

To: E. Charters who wrote (7590)	8/10/1998 11:36:00 AM
From: Elizabeth Andrews	Read Replies (3) \| Respond to of 26850

The minerals in the ground at Voisey's Bay are owned by the Crown not Inco. Inco may get the right to mine them or Tobin could expropriate the mining claims. Compensation is not a given. Inco would have to prove that they had an "interest" in the property. Since they don't own the surface rights and the Crown owns the minerals what does Inco have an interest in? Probably the rights to explore but that's it. Governments don't issue patented claims or crown grants anymore so Tobin is holding all the cards.