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Toledo - Cashflow from the world's 3rd largest Nickel Resource

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InAfrica - Wed, 14 Dec 05 :

wdurham,I think you ( and Stemis,unionhall and pehaps Daz ) are very much the exception for looking at this as a project and not as a share play,although nothing wrong with a genuine trading approach.

I have a very mixed record on mining investments and where I have lost it is mainly through flawed valuation of the assets in the ground in cash terms.

While I maintain a small investment in TMC I do not anticipate adding to it until the means to produce the cash ( actual shipments ) are in place and I will be happy to forego 50p 100p or therabouts to reduce risk.


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