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Gold/Mining/Energy : Inco-Voisey Bay Nickel [ T.N.V] -- Ignore unavailable to you. Want to Upgrade?

To: buylowsellhigh who wrote (510)	10/17/1998 7:04:00 PM
From: teevee	Read Replies (2) \| Respond to of 1615

Hi, Attached are some comments stating that Voisey's Bay will not likely see the light of day for 5 years. I think I will renew my short position. Yahoo. The VBN shares (N/VBN, TSE) closed Friday at $7.50, up 85¢, compared with a 52-week high of $25.45 set on Oct. 21 last year and a record high of $43.50 on Aug. 21, 1996. "The price was right," said Pierre Lassonde, Franco-Nevada's president. "It's an extremely good long-term asset. "And it fits into our corporate strategy of buying really good assets and having the patience to see them come to fruition within a five- to 10-year time-span. "If you look at the price of the shares, the market is assuming this thing will not see the light of day for five years," he added. "And we basically agree with the market."