Madison Enterprise, MNP/VSE Message Board

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

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To: rdww who wrote (157)	7/15/1998 2:31:00 PM
From: The-Saint	Read Replies (1) of 285

Well I guess we will see what happens... A couple of things I have heard: 1. Next drill results due out in 2 weeks. 2. IRE due out in 4 weeks. 3. Planned pit mining in area of M5 possibly 8 to 12 months. 4. Drop in share price a result of Porgera's increased reserves... 5. Reluctancy of traders to this elephant due to the possibility of landowners getting greedy again around production time. If the open-pit mine does start-up, this will be a good indication and test of the strength of the PNG agreement. The government has stated empatically that they fully support and will uphold the agreements. I guess we will just have to wait... as per usual. The-Saint

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