MONETA PORCUPINE ME.t Message Board

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Gold/Mining/Energy : MONETA PORCUPINE ME.t

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To: denis J who wrote (262)	7/15/1997 10:49:00 AM
From: James M. Belin	of 440

Denis, When is the decision by Barrick as to whether to sink a mine shaft on the Michaud property scheduled to be made? With the sharp drop in the price of gold, can a mine on the Michaud property operate at a profit? I am also concerned that Barrick has an incentive to delay any decision. In this bear market for gold, a postponement might cause the price of Moneta stock to drop further. Barrick then might try to take over the entire company at a ridiculously low price. Is this scenario farfetched? Jim

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