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

To: Claude Cormier who wrote (2493)	6/24/1999 1:10:00 PM
From: Gerald Walls	Read Replies (1) \| Respond to of 4504

IMO, the receipe for an operation that could produce 150,000 ounces a year for 5 years at a cost near $125-$150 $C or $US? I assume $US.

To: Claude Cormier who wrote (2493)	6/24/1999 9:44:00 PM
From: Elizabeth Andrews	Read Replies (3) \| Respond to of 4504

A part of the Tambo Grande deposit lies underneath the town of Tambogrande. Current Peruvian legislation protects the town and its citizens, and its agricultural areas with respect to mining and processing. In addition, under the option agreement the Company is required to guarantee that any mining methods used will not physically effect the town nor harm its citizens, and that the tailings will not effect the agricultural areas surrounding the town. The implications of the location of the town of Tambogrande in relation to the Tambo Grande Deposit for the exploration, development and exploitation of the Tambo Grande concessions cannot be completely assessed at this time. Now, I wonder what the Peruvian Gov't means by the word "guarantee" and how can Manhattan, a company with no real assets, do this. And, why would a major company come along and assume this guarantee? And if they did, what would be left for MAN? The deposit may be there but so what, given this covenant?