Morgain Minerals MGM "jv with BHP in Mexico" Message Board

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Gold/Mining/Energy : Morgain Minerals MGM "jv with BHP in Mexico"

MGM 35.72

-0.7%

Jan 6 3:59 PM EST

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To: RENO GAMBLER who wrote (411)	2/18/1998 11:12:00 AM
From: Simon D. Yates	Read Replies (1) of 472

RENO GAMBLER: From recent parlez, I understand that PD is set to commence a comprehensive drill program on Quatro Hermanos. I can't imagine that they will waste time and pursue a less than enthusiastic program considering the time and money put into upgrading the site for living quarters and such. However, the price of Cu will certainly be a production factor. Current price is around US$0.76/lb. MGM is on the move today--back around the C$1.35 spot. COML released some news Skelly: 1g/t is profitable at $350: not good if the street believes prices will stay below that level this most of 1998. Several properties are reporting grades that are above that level. Regards, Simon

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