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

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To: Mark Bartlett who wrote (2475)6/23/1999 10:06:00 PM
From: Claude Cormier  Read Replies (2) of 4504
 
<< if TG3 results are good, we are a double from here - if not, we are back to 5 or so .... until the next anomaly is drilled. >>

Not sure Mark... if there is 2-3 g/t gold in the sulphides...or if step-outs holes are showing 60M tons instead of 42M.... how about $10-$12.... would that be too much ?

FOr a good comparison... look at Agnico-Eagle Laronde project and AGE market cap of $450 millions or so... OK deduct $150M or so for their mineral properties...in excess of what MAN has... you still get a market cap of $300M for something that appears smaller than what MAN's has.

agnico-eagle.com
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