Manhattan Minerals (MAN.T) Message Board

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

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To: Elizabeth Andrews who wrote (2523)	6/25/1999 1:07:00 AM
From: Claude Cormier	Read Replies (1) of 4504

<<To suggest that MAN is worth $5.39 per share based on a 5% "valuation" of the metal in the ground is ridiculous. >> Not more than taking $25 per ounce of gold in the ground (which is 10%). It is a valid method to get an early idea of how much a deposit may be worth. Certainly it cannot match calculating an NPV base on future cash flows... but we are not there yet. I am sure you don't know that economic base metals deposits have a NPV between 4 and 8% of their total metal content.

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