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

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To: James N. Wilson who wrote (3221)7/23/1999 12:30:00 AM
From: Sailfish  Read Replies (1) of 4504
 
Greetings to all...

Not unlike kimberlites, VMS (Volcanic Massive Sulfides) are prone to occur in clusters...

In other words, for any given area, they probably all came from the same "BLOW"...As such, for each BLOW, the mineral content can be expected to be much the same in every cluster, relatively speaking.....

The only matters of concern, in the Manhattan scenario, are the AMOUNT of clusters AND the SIZE of each cluster...

Knowing partial TG3, TG1 would perhaps appear to belong to an attentuation of the original blow in that specific area...

With present information, TG3 would appear to be close to, or actually be, a massive blow....

If TG3 ain't it, then perhaps TG7 could be the grand-daddy......

What am I saying...???

Well...Expect much the same assay results as received from TG1 assays...except for the fact that resource tonnage will now be the determining factor wherein the market values Manhattan shares...

We definitely have ourselves a viable mining operation...We know approximate grades(including the Au/Ag in the cap)....The only thing left to determine is the resource tonnage....

And there's where you now place your bets...

It's quite obvious to me that certain TG3 drill results(not assay) were known to certain individuals prior to their release...Witness the recent trading up to and over the $8 range before the second last PR...Also witness the trading subsequent to the last two releases......Obviously, investors are not really interested in hearing any more TG1-type results; at least not at this particular point in time...

What folks want to hear is TG3 stuff...

IMO, the grades will be much the same...The great difference will be that we will have humongous?? tonnage...

Under the present situation, could a "Zone of Inclusion" be utilized in constructing a "quickie" resource model for TG1 and TG3...??

What say Claude...?? You previously mentioned a resource of 50 - 100 million tons...

I am of the opinion that we are looking at a major world class deposit...

Regards....Ray

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