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Gold/Mining/Energy : Macdonald Mines
MMP 69.000.0%Sep 25 5:00 PM EST
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To: JOHN FREW who wrote (51)2/25/1997 11:22:00 AM
From: Rob   of 135
 
I tend to think now that this could be settled very quickly if they wanted it to be. By example RBD.A which has a project in Albania of all places where they are rioting in the streets and the ASE is not very happy with the company's developments has been halted for 4 months, The GHMC,MMP deal is taking almost 4 months. I have trouble equating the two, this deal should have been signed sealed and delivered 2 months ago. Where are the drill results? They said that they have increased a zone on BGH by 50% to a depth of 150 m, where are the numbers? They must have drilled about 50-70 holes by now this program, where are the numbers? This years program is only probably about 100 holes. We've only seen 9 holes of fill-in drilling. What about the new zones? What is the wait for? It should take 1-3 days to drill a hole and 2-3 weeks to assay. MMP's holes are shallow and as such they should be able to drill fast.

On a brighter side 150 m is far deeper than the other zones if you round this out by a 50 x 50 m area at 2 g/t you will have about 65,000 ounces from one small area, or at 100 x 100 m almost 250,000 ounces .

This project I believe will be a mine, but I think that there are some large questions to sort out first, I might start to adjust my time frame to 1998 unless new news comes out soon.
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