Mt. West--Best gold/energy combo Message Board

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Gold/Mining/Energy : Mt. West--Best gold/energy combo

MWR 25.79

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Jul 27 5:00 PM EST

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To: paul s. who wrote (71)	2/10/1999 10:38:00 PM
From: Dale Schwartzenhauer	Read Replies (1) of 77

Paul, update on MWR: A bulk sample is planned on the neighboring Treminco property in the Elkhorn district of Montana. This is expected to be a high grade, low cost operation that should lend credibility to the whole district. MWR has 100% in its own claims that have already established indicated reserves of 270,000-280,000 oz AU. Perhaps the best potential for new reserves in this district lie on the MWR ground. At Bacon Island, a royalty deal has been consummated with a major oil company; MWR's interest is likely around 1% GORR, comparable to a NSR on a mining project. According to my own computations, they could still achieve payout in less than two years of modest production. That speaks to the original potential of the prospect. A prospect in Guinea is still alive as well, plus a possible surprise in Nevada. Still not much stock for sale as it's tightly held, so it's worth accumulating, IMHO. Best regards, Dale

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