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Gold/Mining/Energy : Manhattan Minerals (MAN.T)
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To: Little Joe who wrote (4180)9/21/2000 12:36:43 PM
From: Bruce Robbins  Read Replies (2) of 4504
 
Littlejoe,

News out yesterday. The last quote by Clow sums it up pretty much: MAN will try to improve metallurgical recoveries and locate new deposits. In short, the metallurgical results are not that great and the town over TG-1 is staying put for the moment so MAN has to do some more exploration to find something without a town over it. I guess the market (as well as myself) sees MAN spending future $$$ on potentials. My feasibility study on TG-1 has been completed for months: "TG-1 is not to be considered feasible until an agreement has been signed to move the town of Tambogrande. No further money should be spent on TG-1 until this agreement has been signed." I think the markets and the major mining companies see it that way as well. I guess we will have to wait another few months before anything hopeful comes out of MAN. Back into a slumber... zzzzzzzzzzzzzzzz

Bruce
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