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Gold/Mining/Energy : Nuinsco Resources (NWI) -- Ignore unavailable to you. Want to Upgrade?

To: 4TNiner who wrote (2881)	4/3/1999 4:15:00 PM
From: Mr. Oil	Read Replies (1) \| Respond to of 5821

The deal with Inco to purchase VB was considered a high price by Inco but the hope was that undiscovered viens would contribute enough to the ovoid that the resultant value of all the ore would be profitable...this was before the price reduction in Ni and other commodities. The cost of building a smelter now in NFLD, a requirement of the Nfld government at the present time, and the unsettled land claims of the natives, along with the poor economics of mining Ni and the cash strapped accounts of Inco are all contributing to the present state of "no go" on VB. It will likely be a few years yet before you will see any mining going on at 'Boysey Bay" ggg I wouldn't be surprised to see another election in Nfld where negotiating a deal on VB being one of the major platforms being held out to sway voter support. As most development on the Rock, it takes a major effort to get results. This one is no different. Ray

To: 4TNiner who wrote (2881)	4/4/1999 5:55:00 PM
From: Just G	Read Replies (2) \| Respond to of 5821

I hope the thread picks up a little. Anyone have any outake for tomorrow, should we expect to maintain the price of the stock, or can we expect it to go North or South, any opinions. The article in the Miner was encouraging.

To: 4TNiner who wrote (2881)	4/4/1999 7:59:00 PM
From: E. Charters	Read Replies (1) \| Respond to of 5821

They knew what to do with it but thought they could operate by Inco rules and ignore what every province since confederation has mandated: no mineral production from any claim unless metal is smelted in the province. That fine print is on every claim patent that I have seen back to the two digit numbers. Inco was first to break the rule with the Clydach refinery in the war. Since then gov'ts have winked at the rule. All sorts of concentrates have been shipped overseas. As a matter of fact some iron ore pellet super salesmen sold all sorts of pre-refined oxides in Europe in the 50's and helped Canada's Iron industry immensely. Not its steel industry but that is Canada's penchant, raw and unadorned is la quick buck. So Newfoundland is just doing what the other provinces thought was a good idea many years ago. Is it a good idea? Well not at these nickel prices and with all the refinery capacity they have in Sudbury. Whose grand fault is it? Well I would say cheap Asian interest and American competition and the transfer of money from consumption to paper. In short lack of growth. Mature Yuppies with BMW's and empty nests ignoring 25% youth unemployment. It will all come home to roost soon. I cannot see North America's economic pre-eminence lasting the next century. EC<:-}