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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Bart Hoenes who wrote (2107)	3/3/2002 12:20:44 PM
From: Elizabeth Andrews	Read Replies (2) of 39344

MNP management is competent but at doing what? Since MNP acquired Mt. Kare the property has swallowed C$39 million and has had 235 drill holes poked into it. This doesn't include the 32 that Carpenter drilled before graciously allowing MNP into the deal. Still no resource but there's hope! Watts completed a resource study in Feb 2000 but the company has not released the results. Why? Recent activity of issuing 3.3 million D&E options and now this 8 million PP at a dime with half a warrant looks like they are about to return to the area they are most competent at-stock promotion! I bought some as it is a no brainer. I just hope they don't drill any more holes. I want them to spend the money wisely on internal PR. I wonder what management's collection of Indonesian artifacts is like?

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