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Gold/Mining/Energy : MILL CITY MIY-V

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To: knowledge sharer who wrote (38)1/12/1997 12:17:00 AM
From: Dennis (Hijacked)   of 707
 
Interesting thoughts.
I don't know why Mill City would want to give up their 42% in GHMC when the companies are sitting on a potential of over a million ounces on the properties in Cuba. If they do sell out, then I hope that MMP makes it worthwhile for we MIY shareholders. I've been sitting on MIY for over a year now since getting in at 20 cents, and now that the results look great in Cuba..... well, to say the least, I don't want to see MIY walk away with a couple of Traveller's Cheques!!!
The property in the NWT (Yamba Lake) is being re-drilled in the search for diamonds after abandoning the site a year or so go... apparently they had problems with the drilling, not so much the results initially...it does sound promising, though as there is kimberlite there.
I don't know too much about Indonesia property, although I understand that the property is on some interesting geological formations...maybe not another Bre-X, but we can dream....!!!
If you're interested in diamonds in the NWT, watch V.TDN to make an announcement this week concerning their results...should be exciting news. There is a thread on the SI site here for TDN as well...have a peek!
If you find anything else about MIY, keep us informed!
Regards
Dennis
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