To: Buckey who wrote (8126 ) 10/31/1998 9:42:00 PM From: Gord Bolton Read Replies (1) | Respond to of 11676
What is up in Voisey Bay? Don't get the impression that I know anything because I really don't know any more than anybody else who has been following the play and trying to make some money on it. But, aside from whether they have found anything new or whether or when they are going to tell us about it, there are some elephants jostling around and playing some very high stakes poker. Inco, Falconbridge, Donner-Teck, Federal and Provincial Governments and a great assortment of wannabees. And I'm not suggesting that any of the players might be bluffing, head-faking, or trying to outflank each other, but then again how did they get to be elephants? Some 4 billion dollars worth of nickel is stalled in the ground right now due to economics and politics. Inco wants to take their high grade ore elsewhere for smelting and refining. Tobin obviously has other ideas. Are there more high grade deposits? Who will control them? If you knew that you had the goods would you declare it now or play wait and see? Would you bluff the other players to take advantage of opportunities as they emerge? If Donner would have declared the goods on August 15th, 1998, would anyone have cared and would they be in a better negotiating position? Are there other properties that could be acquired by waiting a bit? Is the world economy and the price of nickel going up or will it crash? I personnally consider the following one of the most prospective properties in the play. I predict that many will seek a JV. What will the terms and conditions be? Do you think that Donner is knocking on the door right now? Can Donner find the pots and pans? If they have reached a deal would the insiders want to buy some cheap DML. And if DML was going up while drilling NAI, what would you think? Jilbey--Celtic PropertyMessage 5025283 "Dr. Spector concludes that the high density zone (8 to 10 mgal in amplitude) is 13km in diameter and extends north of Trout Pond (covering approximately the south-eastern two-thirds of Celtic/Jilbey's Block 2). The anomaly is interpreted to be due to a troctolitic unit. Modelling of the gravity data indicates that the high density zone is about 500 meters thick and 1,000 meters below ground level. The Inco deposits are known to be associated with troctolitic rocks. Dr. Spencer also states that the principal result of the magnetic data analysis is that magnetization with an intensity of 200 to 500 gamma is coincident with the gravity anomaly and that they most probably share the same origin." Message 6176432 "FOR: JILBEY EXPLORATION LTD. ME SYMBOL: JLB AND CELTIC MINERALS LIMITED ASE SYMBOL: CME OCTOBER 27, 1998Jilbey Exploration and Celtic Minerals: Joint Venture With Leader Mining Terminated When Donner went on vacation in August, Leader LMN.A tanked and has not recovered. They decided that the game was too rich for them based on what they could see at the time. They did not drill a hole. Now the best piece of undrilled property is open again-Unless it has already been snapped up. Maps can be found at:leadermining.com Look for maps attached to or embedded in April 2/98 and May 11th/98What does Franco-Nevada Know? Message 6233201 "Inco Ltd N Shares issued 166,059,082 1998-10-29 close $16.2 Friday Oct 30 1998 by Brent Mudry Two funds managed by Paul Stephens sold three million Inco VBN shares to Franco-Nevada Mining, according to a recent filing with the United States Securities and Exchange Commission. The Oct. 27 filing disclose full details of the deal, in which Franco-Nevada paid $50.4-million to acquire 6.57 million Inco Voisey's Bay Nickel shares, a 25.4 per cent stake, on Oct. 16. The other seller, identified Oct. 21, was stock promoter Robert Friedland, who sold 3.57 million shares through Evershine L.L.C., a wholly-owned holding company. The SEC filing notes Franco-Nevada paid $7.61 each for the shares and paid First Marathon Securities, its agent, a commission of $329,000, based on a nickel per share. The Robertson Stephens Contrarian Fund sold 2.26 million shares, while the private Robertson Stephens Orphan Fund sold 735,000 shares. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com " The U.S. economy is headed in a different direction now than it was in August.quote.yahoo.com ^spc&d=bBut then again, I could be absolutely and entirely wrong. They may have just struck some good stuff on Friday and the word leaked out or was leaked out or whatever. Time will tell. Let me know what you think.