Manhattan Minerals (MAN.T) Message Board

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Gold/Mining/Energy : Manhattan Minerals (MAN.T)

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To: mineman who wrote (2719)	6/30/1999 10:37:00 AM
From: Claude Cormier	of 4504

Mineman, You are showing the weak spot. Why don't you talk also about the strong area on the cross cuts where thickness is 20-80 meters and grades copper 3-6%. That is where the deposit is stronger, close to surface and may expand. Very little of the sulfides Type III ore are below 175m...and these are all 3% copper on average over 20m+. I know that MAN'engineers have spent a lot more time than you and I on this deposit. They decided to buy an additional 25% of TG for $30 millions after considering all the facts. I trust their judment. Now will TG be a go with copper at $0.65, I guess it is possible it may not be. The feasibility will tell us. But again, copper was at its 20 year a few weeks ago. It is now $0.70 and inventories are coming down. I don't know the future and you don't. But the business cycles have existed for centuries and commodity prices will continue to move up and down. Hopefully, MAN is exploring when copper prices are low, but will bring this into production when copper prices are much higher. Time will tell. In the mean time... lets speculate on TG-3.

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