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Gold/Mining/Energy : ABER RESOURCES -- Ignore unavailable to you. Want to Upgrade?

To: teevee who wrote (804)	11/5/1998 6:09:00 PM
From: I_C_Deadpeople	Respond to of 2006

Straight from the Aber Web Page: The feasibility study for the Diavik Diamonds Project is expected to be complete in the fourth quarter of 1998. Assuming the project receives government approval through the comprehensive study process under the Canadian Environmental Assessment Act, the project would proceed to the permitting and licensing processes. If permits are granted by the fall of 1999 and the Joint Venture Management Committee makes a production decision, mobilization would occur in the first quarter of the year 2000. Construction of infrastructure and the first dike around A-418 could be completed by 2002, when mining would begin. A commercial production target would be in the second quarter of 2002.

To: teevee who wrote (804)	11/5/1998 8:05:00 PM
From: Famularo	Respond to of 2006

TeeVee, as of the last gathering, our average price so far is under $8.00 on Aber. We only carry three stocks right now and the biggest winner is SUF. Yes, we are not chasing it up. regards Fast Frank

To: teevee who wrote (804)	11/6/1998 12:13:00 PM
From: Lorne	Read Replies (1) \| Respond to of 2006

Am I missing something here? You don't dive into the tangled world of regulatory approval on a project that you aren't 100% sure of, do you? You aren't able to raise well over $100 million for a mine that's at least 2 years from production if there's still a question about it's viability are you? As far as the argument that an unbelievable find at Snap automatically kills Diavik, well I'm sorry but I don't follow the logic. If a project of any kind in any industry is economically viable then it will go ahead regardless of the proximity of a world class monster. Diavik will be a very low cost mine which only suggests that other higher cost mines have a lot more to fear than does Aber. If I truly am missing something then perhaps someone can fill me in. Also I would appreciate Frank's take on my analysis as he seems to be a fellow that we should all be listening to.