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

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To: TrueScouse who wrote (4178)9/18/2000 8:19:10 PM
From: Bruce Robbins  Read Replies (1) of 4504
 
Howy:

It is an interesting paper filled with a lot of technical details. Aside from instilling confidence with the investors that Peter Tegart is a good geologist and knows what he is doing, it doesn't really help us out. We always knew that MAN et al had the geology right. It is the political and mining matters that concern us right now (e.g. town moving; costs). The other gravity anomalies are interesting targets, but until they are drilled, they remain unknowns. Potential is there, but what is really under those other anomalies and at what depth? MAN IMO still needs a JV and won't get one until the town moves OR until they find another TG-1. B-5 is a little deep don't you think? If they decide to mine this stuff on their own, I will be selling my shares promptly. I'm going back into a slumber on this one. It looks like it will be awhile before we see the stock back above $5 <g>.

Bruce
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