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Gold/Mining/Energy : Minefinders, MFL

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To: russwinter who wrote (285)	9/8/2001 8:54:03 PM
From: Claude Cormier	Read Replies (1) of 578

The 22% was also with silver at $4.75.. But you are right.. the recent news (metallurgy, higher silver grades) could help this IRR for MFL. Still, 22% is not very high..it is on the border line. The threshold is 20% when everything is going your way..and that is when the company owns the deposit. IF FN/ECO has to pay $4 to get to 100%, their IRR drops substantially. But your analysis of the new situation at ECO/FN makes a lot of sense... I can see a financing to support a new exploration phase to increase the size of Dolores.

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