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Gold/Mining/Energy : Manhattan Minerals (MAN.T) -- Ignore unavailable to you. Want to Upgrade?

To: Elizabeth Andrews who wrote (2485)	6/24/1999 11:04:00 AM
From: Claude Cormier	Respond to of 4504

<<Before toast in the morning, consider the similarities between this promotion and the Starfield fiasco.>> No comparison possible. The Ferguson Lake project was and still is uneconomic. Although, the potential is there to make it economic, if the numbers improve. Tambo Grande has been considered economic from day 1 in 1980...and still is. The picture is only getting better. <<Look at the exploration program. Not new? A redrill of the known?>> Not true. They are infill and step-outs drilling. 38 new holes already done. <<This one smells of metallurgical problems.>> I am sure you know that MAN paid $25 millions cash to acquire an additional 25% in the project at a time when cash is vital because of difficult market conditions... Are you saying they are stupid. <<If this were economic in 1980 why wasn't it developed? Don't tell me the Shining Path was the reason. >> Of course, the Shinning path is history. But the reasons why TG remained idle for years and is only now being developed are numerous. It starts with the nature and profile of the discoverer.. BGRM France. (now La Source). Do you know them...Basically, they explore and sell what they discover... They are not developers... do you know their history in Peru, their involvement in Yanachocha and the few problems they had. The letter of intent to sell TG to MAN is at least 7 years hold if not more. Yes it took a lot of time. Add to this the fact that TG is near the border of Ecuador... ANd there has been some problems with them over the last 15 years. These were solved only in the last 9 months... a very complex set of reasons..ELiz.

To: Elizabeth Andrews who wrote (2485)	6/24/1999 11:20:00 AM
From: Claude Cormier	Read Replies (3) \| Respond to of 4504

Eliz, Just for this time, can you try to see the positives in a stock rather than the negatives. (I kown it is not your style...but just once) Can you honestly tell me what you think will happen to the stock if: 1) they find 2-3 g/t of gold in the sulfides 2) they expand the deposit to 60M tons 3) They hit on TG-3. Given that we will know the answers to these questions in the next few weeks, how can you be thinking of MAN as a short candidate?