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Gold/Mining/Energy : Manhattan Minerals (MAN.T)
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To: Elizabeth Andrews who wrote (3350)7/28/1999 4:31:00 AM
From: Jeff Dickson   of 4504
 
>Don't you think that the government of Peru has the resources to drill and develop TG1 to TG infinity? <

>Remember, for the people and by the people created a pretty good spot to live and be. <

Elizabeth,

First you propose that a socialist model where the government would mine the property, and then you say that a "for the people and by the people" system created a pretty good country. I don't get it.

The Government of Peru is fine with Teck, Rio Algom and Noranda developing Antamina in the Andes mountains. Almost 500 million tonnes grading 1.3% Copper and 1.0 Zinc, some of which is located under a lake.

In fact, just three years ago Centromin (Peruvian Government) auctioned off Antamina to Rio Algom and Inmet.

The three companies developing Antamina, along with a couple of others, would be likely suspects with whom Manhattan will partner should there be development at Tambo Grande.

>Don't you think that the government of Peru has the resources to drill and develop TG1 to TG infinity? <

They most certainly do not. They tried that back in the 1970s, by the way. In 1974-1976 Peru borrowed money to the tune of $3 billion dollars, to fund 65 or 84 projects that the military could find. I trust you know how it turned out.

Since you bring up Mother Theresa, a successful Tambo Grande mining camp would have a greater positive impact.

-jeff
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