Madison Enterprise, MNP/VSE Message Board

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Gold/Mining/Energy : Madison Enterprise, MNP/VSE

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To: Elizabeth Andrews who wrote (231)	6/28/2000 10:26:00 AM
From: Claude Cormier	of 285

<<Stil think that of all the juniors with a reserve in place McWatters has a chance to go up>> I know McWatters and it looks real cheap here...surprising. OTOH, there is one story I heard that may justify the low price. But it is only speculation. I am following it closely. With a market cap of US$16 millions and annual production of 180,000 ounces at a cost of $200+ with 2-3 millions ounces in reserves....and a much larger resource in two mines... Something doesn't fit. Can it be only this dead market sector ? Speaking of ore continuity, there is nothing like BAYS's Alamo Dorado.

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