Geoprof. Inco did not have 25% when hole 7&8 were hit.

page 149-150  The Big Score it was written:

 "holes 7 & 8 sent it's stock rocketing to $20 nearly triple its $8 price at the time of discovery, Inco could no longer ignore the news of Labrador.......Was it real? If it was real who was going to operate it" Could Inco get a piece of the action?......By the third week in Feb., Inco's Chairman Mike Sopko, had decided his company could no longer afford to sit on the sidelines.  If the company could confirm that the nickel was real, Inco should seek a stake in Voisey's Bay..... In the fall of 1994 Patterson a metallurgical engineer advised Mike Sopko, " this is real, Mike You guys should be getting very serious. This is going to be big."

Sopko said," Do you think Friedland is still open to approaches? Does anyone else have this tied up?". "It's wide open, Mike at this stage you guys have as much chance as anyone else.".