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

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To: Dan P who wrote (195)1/30/1999 2:01:00 PM
From: Spiney  Read Replies (1) of 285
 
Daniel,
No reason MNP shouldn't be hovering around 2.80 to 3.00 right now. Of course POG hasn't helped at all recently.
Company says they are meeting in South Africa < or did they just say Africa? can't remember > with a major...
Take it for what it's worth as that info is coming from IR.

Regardless - they increased reserve by 23% with last round of #'s. 2 drills are constantly working and assay results will be coming out on a regular basis. The question is does the major sit back and let them drill up the resource and risk an Argentina Gold situation....or do they get in now - direct the show...and perhaps cut down the back end costs.

Either way...MNP looks very good right now.

regards,
spiney
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