another interesting investmentin platinum!!!! worth 10 cents a share plus 20 cents a share in cash....from GNM annual information form:
LAKE OWEN (USA)
In October 1999, the Company announced that it has entered into a three year option agreement with
Trend Mining Company that will allow Trend to earn a 100% interest in the Lake Owen Platinum Group
Metals Project located in Albany County, Wyoming. In order to exercise the option, Trend must make all
expenditures and property payments on the project of not less than US$750,000 by the end of the third
year, including no less than US$150,000 of exploration expenditures within the first twelve months. In
granting this option, the Company received cash payments totaling US$40,000 and approximately 854,934
shares of Trend’s common stock, representing 25% of Trend’s outstanding stock at the time of the
agreement. The Company has the right to maintain its 25% ownership interest. The Company will
participate in Trend’s Advisory Committee during the option period and, upon earn-in, Trend’s Board of
Directors. With the completion of the agreement, Trend is now in the process of formulating an exploration
program for the first twelve months.
china,,chile bolivia
in chile...vischaitis is worth 85 MLN at 90 cent copper and second quartile cost....thats 4$ US A SHARE
in bolivia ..the silver mine is worth 50 cents a yr in cash flow over the next 3 yrs.....
in china you have the largest gold/copper deposit....and when a JV is announced ..well
in chile...escolones is similar to properties in australia.last yr TECK didnt allow GNM to do geophysics and only drilled the edge....earlier results showed 1.5% copper over 100 metres.....
COPPER IS going to one dollar according to SCOITAMCLEOD
„ Copper Forecast: The copper market continues to strengthen during Q3/00, a trend first established in early 2000. London Metal Exchange (LME)
inventory levels have declined from 845,000 tonnes in early March to current levels of 453,000 tonnes. Increased consumption of copper has been
driven by strong world economic growth, led by the U.S. There are no new copper mine projects expected to be in commercial production before
2002. Combined with a limited 1.6% growth in supply to 12,400,000 tonnes (12,400 KMT), the copper market is poised to experience a net supply
shortage (i.e., demand exceeding supply) of 200,000 tonnes this year and, most importantly, a further shortage of 500,000 tonnes during 2001 (see
forecast table below). On the back of a strengthening physical market, history dictates that copper prices should begin to experience upward
pressure. Three-month copper prices have moved up from US$0.81/lb in early July/00 to current levels of US$0.85/lb. Not withstanding the weaker
summer demand period through to mid-September, copper prices should continue to increase through Q4/00. We expect copper prices will move
toward the US$0.95/lb level by year-end 2000 and continue upward to US$1.05/lb in 2001. We note the ten-year average price of c opper is
US$1.01/lb. Total inventories should remain low and the physical market should remain tight. Consequently, the metal price should move up to just
above the ten-year average price level of US$1.01/lb. We forecast prices will average US$0.90/lb in 2000 and US$1.05/lb in 2001.