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Gold/Mining/Energy : Manhattan Minerals (MAN.T)
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To: Elizabeth Andrews who wrote (4125)5/9/2000 10:06:00 AM
From: Claude Cormier  Read Replies (1) of 4504
 
Eliz,

I follow you. I think the buyout is the likely ending. And I disagree when you say they can't achieved it. All they need to do is another small pp and drill further to complete feasibility.

It is also possible they hit on another anomaly,then the buyout will be even more automatic.

As for production, they can also achieved it. But I am not so sure if this is the best option for shareholders...unless of course, metal prices explode.

Keep in mind that their market cap is still way below US$100 millions and they have in TG1 a large deposit that is worth a lot more than that. Unfortuately, because of the discounting mechanism and the fact that the sulfides cannot be mined before the gold cap, TG1 has less value now than it will in 3-5 years after the gold cap is mined. This has an effect on MAN current valuation, but it is less important for a senior acquiring MAN.
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