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Gold/Mining/Energy : mansfield minerals inc

MDR 0.700

-0.5%

Jan 22 4:00 PM EST

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To: steadyasyougo who wrote (1160)	1/30/2002 11:28:26 AM
From: ogi	Read Replies (1) of 1193

Well it's nice to see it out of the $.15 range but so far could just be a blip. Certainly there are not many buyers but at the same time there have not been many motivated sellers. Spoke with the company a couple of weeks ago and not a lot to report. However, they still have $2 million in the kitty and are committed to their policy of having others pay for the drilling. Argentine devaluation will make costs cheaper for them, not concerned about political stability. They were literally in talks with Teck as we spoke, because Teck's CEo interrupted my call and we had to reconnect afterward. Obviously, we are still awaiting Teck's decision on future work at Rio Grande. I believe they have a payment due in March on the property that should prompt the news one way or the other. Management is confident that they have properties of value and while Teck drills away in Argentina the increasingly better atmosphere in markets may allow them to pick up projects of merit perhaps here in N. America. My take, still well financed well managed with credible targets, JV'S and the possibility of property in the U.S. or Canada sometime in the future. I am still hanging in!! I am assuming that the recent option reprice etc. means that they hope to be progressing in the near future. Cheers

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