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

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To: James N. Wilson who wrote (2999)7/10/1999 5:10:00 PM
From: charred  Read Replies (2) of 4504
 
<<<I think most could agree that the town of Tambo Grande is not exactly like a stroll down Park Avenue,>>> obviously, however the people there have the surface rights. Would you move?

<<<<That being the hope of a job and better way of life for their family>>>, that remains to be seen. For example, the town of Huarez near Barrick's Piernia Mine has not seen any benefit from the mine.

<<<This should be no surprise given the extreme poverty conditions in third world countries where for many as little as 1 US buck per day might be considered a living wage.>>> The minimum wage in Peru is about $4US per day. In the Tambo Grande area, there isn't extreme poverty.

With all that being said, the project does ave great infrastucture. Lets hope for the best for the people of Tambo Grande and of course the MAN shareholder.

Cheers

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