MONETA PORCUPINE ME.t Message Board

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Gold/Mining/Energy : MONETA PORCUPINE ME.t

ME 4.000

0.0%

Aug 11 9:30 AM EST

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To: denis J who wrote (315)	10/26/1997 10:15:00 PM
From: ray jump	Read Replies (1) of 440

Hi Denis, Thanks for the opinions, although I can't agree with your first one "Ray Barrick wont walk they have to much invested,". I think Barrick have spent about $3mil (maybe more) so far but can't believe that this will have any bearing on their decision. If the property is not economic, they will walk, no matter how much they have spent.Remember a few years ago they bought Lac Minerals for hundreds $mil, just last month they also closed most of those mines because they're not economical. I still think the decision will be based on # of ozs and cost to mine, lets hope we get the right numbers shortly. Regards Ray

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