Manhattan Minerals (MAN.T) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Elizabeth Andrews who wrote (2869)	7/6/1999 12:47:00 PM
From: Claude Cormier	Read Replies (4) of 4504

<<Even using the most efficient underground bulk mining methods I think it's unlikely that these grades are economic. >> I agree for hole #1 Eliz. But I think you see the big picture. Tis hole is on the fringe of the deposit. The body of this deposit is centered around holes #3, #4, #5 which are 200m apart. With intervals of 255 meters of sulfides, it wont take much better grades to make this economic. But as you and I know, it is quite possible that we will have much higher grades on both copper and gold as we reach the lens at the center of this VMS. A quick calculation tells me that the area covered by a 400m by 400m perimeter over hole #3-#5 could have 100M tons of sulphides to a depth of 450 meters. What if the grades is 3% with 1-2g/t gold ? The jury is out! And the next release will tell if we go to $15 or or $5. I am betting on good grades on the large intercepts. The odds are for better numbers, I believe. The shorts will get killed on the next release if we get those grades up.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next