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Gold/Mining/Energy : Manhattan Minerals (MAN.T)
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To: Jeff Dickson who wrote (3947)1/12/2000 9:48:00 PM
From: Claude Cormier  Read Replies (3) of 4504
 
<<I think the gold cap will still expand, but for a major it is quick payoff, but won't last them too long... >>

I think that what is most important here is that the gold cap is already large enough to pay for capex, the moving of the town, and diversion of the river. Since most of the infrastructure would be used for the sulfides openpit.. we have an initial 60-70 millions tons of 4% copper equivalent to develop at very little cost....Majors will recognize that.

The gold cap would probably be mined at 300-400,000 ounces per year for 4 years or so and would be followed by the sulfides after the company spend the additional CAPEX needed.



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