MPVIF Mountain Province Mining Message Board

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Gold/Mining/Energy : MPVIF Mountain Province Mining

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To: Gabriela Neri who wrote (870)	5/29/1998 9:22:00 PM
From: Al Krasberg	Read Replies (1) of 2577

Gabriela - If you really want to look at reality, FORGET teeny-weenie screen sizes and therefore almost meaningless carats/ton. What matters is $$$/ton, and we won't have that for 6-8 weeks. High grade pipes are often so much crap. Sandpaper I can buy at Sears-Roebuck. Maybe Hearne $/carat is like the 5034; maybe it's worse; and then again maybe it's better. Really meaningful numbers are what is going to propel this stock in this climate and grade ain't one of them. I'm guesstimating that at this time we have one loser (Tesla) and 3 worthwhile pipes with a total of 45 million tons averaging $100/ton. Wouldn't count on finding new pipes right away - look at what happened to Gerle. That's what's happening to us right now, and that's negative for the moment unless we get lucky. So I for one am ignoring the grade and waiting for the valuations. Cheers

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