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Gold/Mining/Energy : Millstream Mines (MLSM)
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To: Brumell who wrote (123)6/15/1999 2:43:00 PM
From: Morag  Read Replies (1) of 664
 
Thanks for your thoughts on this matter - I basically agree with you regarding near term potential. Optimistically, I was looking for something in the range of about 1.20 - 1.30 taking into account the current bear market.
I thought that the depth of the drilling & extraction (extra costs)would offset the lower costs of the "ready made" shaft and location near processors.
What will be of interest - although it's hard to track on the dealers network is how much downward pressure and where it's coming from that these new units would place on near term values (e.g. today's trading.)

And then, of course, we have to factor in the role of Hunter D, and Cannacord now following this one.

I expect that mlsm will hover somewhere between .50 and .75 over the next few weeks, and that we will continue to see the higher volumes - until something is announced.

After the announcement(s) I would expect a large spike as momentum players etc. move in - to who knows where, and then settle in around the $1.10 mark for the rest of the summer. This of course all depends on the quality/quantity of the drill results.

How it will play out, as you have noted will be most interesting...

Again, the above is just my opinion - who knows - it could be right, or it could be wrong.
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