MONETA PORCUPINE ME.t Message Board

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Gold/Mining/Energy : MONETA PORCUPINE ME.t

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To: James M. Belin who wrote (263)	7/17/1997 11:39:00 AM
From: denis J	of 440

James in answer to your first question I would think that the decision could be annouced with the new reserve caculations it now looks like next week. talked to moneta this a m barrick knows and have been dicusing it amongst themselves . it is felt that they will be building a year round access road to the site this summmer or early fall, can they make money at this price ????? yes I am led to believe that barrick is now mining the holt Mcdermot property at about 220 u.s and oz ,and the michaud property is very similar in geology . will barrick make an unreasonable offer or try to take over moneta by buying up the stock???? very possible bid size for the last couple of days remain very good over 100000 bid at 41 today sorry I did not answer sooner but I was away for a while best of luck denis J

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