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Gold/Mining/Energy : Madison Enterprise, MNP/VSE

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To: Bearcatbob who wrote (80)8/25/1997 7:44:00 PM
From: Bill   of 285
 
The Madison results are not good. The drilling has failed to establish either vertical or horizontal continuity in any of the zones. Also, the average grade is likely not high enough to support a mine. It may be the faulted offset to the Porgera but the overall results are negative. Stock likely has downside from here in my view.
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