Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : JNR Resources (V.JNN) URANIUM JUNIOR -- Ignore unavailable to you. Want to Upgrade?

To: tango who wrote (231)	1/5/1999 8:54:00 PM
From: Leigh McBain	Respond to of 259

Although there is some merit to the issue you raise, I still don't entirely agree with your conclusion. It is the size of the deposit, combined with the grade of the ore and the economics of production, that will determine whether or not this project comes to fruition or whether the others are brought out of moth balls, as the base commodity price increases. Like any other exploratory project, if you have a marginable find you may be SOL, but if you have a particularly good find, you may be economic at whatever level. In addition, a deposit that is marginable at current commodity levels, may still be of value as a saleable asset, to a larger company. Especially if they use their "in the ground" assets, as line of credit leverage. Then there is the question of being "in play" which you have suggested before that you think is all JNR is good for. We appear to be coming back "into play" and there may be a trading opportunity regardless, although I am typically not really a trader. Salut, Leigh McBain PS - thanks for the healthy debate Tango, I appreciate it, makes us all think about what we are doing. I hope you had a good holiday season and let's all hope for a strong '99.

To: tango who wrote (231)	1/5/1999 8:58:00 PM
From: Leigh McBain	Respond to of 259

PS - I do not believe that JNR has any intention of being the operating entity in a mine regardless of what happens, that is why I do not believe that the current state of the mines around the world is the significant factor. Kennecott obviously agrees or they would not be expending any sort of capital on this project, they would just shelve it. They are a company to whom an "in the ground asset" would still have value, even it is 25 years before production. Salut, Leigh McBain