Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: TheBusDriver who wrote (10043)	3/26/2002 2:54:38 PM
From: Frank Pembleton	Read Replies (1) of 36161

Wayne, you haven't followed the MNP conversation at all? I believe at todays market cap their reserves are valued at $6 per ounce and this property is right next to a property that's owned and operated by Placer Dome. The kicker is Placer Dome has run out of feed stock for their mine and will either shut down this operation or maybe possibly buy the MNP site and continue using the same infrastructure and people without the costs associated with a shut-down. I think that's the story... Regards Frank P.

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