Replies to post #91 on Brilliant Mining fka BLT

[Tackler]

Ya $5 + half a share of Inco at the time, would be sweet alright.

[Tackler]

History repeats... On November 3, 1994, Diamond Fields Resources announced a potentially significant occurrence of base-metal mineralization containing nickel, copper and cobalt at Voisey’s Bay, Labrador.

The original discovery – the Ovoid – contained fully diluted open-pit mineable reserves estimated at 31.7 Mt grading 2.83% nickel, 1.68% copper and 0.12% cobalt.

On October 8, 1995, Diamond Fields announced the discovery of the Eastern Deeps and Voisey’s Bay West zones. Drilling up to April 1996 indicated that the Eastern Deeps combined with the Ovoid contain in excess of 150 Mt.

In March 1995, Teck Corporation acquired 10.4% of Diamond Fields for $108 million.
In June 1995, Inco Limited purchased 5% of Voisey’s Bay Nickel Company Ltd. and 7% of Diamond Fields for $525 million.
In April 1996, Inco Limited announced that it had entered into an agreement with Diamond Fields to acquire all common shares of Diamond Fields that it did not already own. The deal consists of a combination of cash and shares of Inco and Voisey’s Bay Nickel Company valued at approximately $4.5 billion. This constitutes one of the largest corporate deals in Canadian history.