Morgain Minerals MGM "jv with BHP in Mexico" Message Board

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Gold/Mining/Energy : Morgain Minerals MGM "jv with BHP in Mexico"

MGM 37.68

+1.6%

Dec 26 9:30 AM EST

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To: skelly who wrote (465)	4/4/1998 4:05:00 PM
From: Simon D. Yates	Read Replies (1) of 472

skelly and Violetta: Well, this is a pleasant surprise. MGM closed up at C$1.31 Friday up. Gold, June delivery, is up 2.17% to 310.80. However, Copper is down at US$1699/ton. I do believe you are correct regarding short coverings on gold skelly. I still believe that we will see gold at $350 by year's end, but it may take some time. A release by the EU on their gold position should help with a boost. Property acquisitions are good, but do nothing for cash flow in the short term. Ingredients that could propel the stock upward: 1) A strong rally in gold and copper: silver is doing fine; 2) deals with senior mining companies; and 3) significant finds/results. I am in a wait-and-see mode right now. There has been too much of a delay on the QM property. PD has announced several delays--let's hope there are no more. Simon out-

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