MILL CITY MIY-V Message Board

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Gold/Mining/Energy : MILL CITY MIY-V

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To: G Young who wrote (44)	2/10/1997 11:49:00 PM
From: Dennis (Hijacked)	of 707

I'm beginning to think that if MIY found a 100' high stack of bullion bars on the property, the stock MIGHT hiccup a nickle! Getting frustrating, isn't it? I've been holding MIY for almost 18 months now (in at 20 cents) but even though I'm in a profit position, I feel the stock is very much undervalued if the Cuban results are indeed genuine... and there is no reason to believe that they are not! In addition, they have drilling going on in NWT for diamonds (kimberlite is there but drilling a year or so ago had problems) and I believe that they are bound to find diamonds AGAIN... they did find many diamonds about 18 months ago at Yamba Lake, so hope that this year's drilling program firms up those figures. Plus they have some property in Indonesia (I think) that they say will soon see some drilling activity. Anyway, for 35 cents, they sure are into a lot of potentially positive plays. Maybe when the MMP takeover of GHMC is over, things may start to move. Was thinking of switching into MMP as MIY's 42% of GHMC will end up as 14% of MMP... but MMP will be issuing about 20 million shares in the takeover... maybe MMP at 55 cents now will only be 35 cents after completion of the transaction. That is what I'd really like to see some comments/information on... and why it is taking so long to tie up! Anyway...just a few thoughts. Like you, I'd certainly like to see SOME movement upward... especially with all those great results. Regards Dennis

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