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

To: mineman who wrote (2719)	6/30/1999 10:37:00 AM
From: Claude Cormier	Respond to of 4504

Mineman, You are showing the weak spot. Why don't you talk also about the strong area on the cross cuts where thickness is 20-80 meters and grades copper 3-6%. That is where the deposit is stronger, close to surface and may expand. Very little of the sulfides Type III ore are below 175m...and these are all 3% copper on average over 20m+. I know that MAN'engineers have spent a lot more time than you and I on this deposit. They decided to buy an additional 25% of TG for $30 millions after considering all the facts. I trust their judment. Now will TG be a go with copper at $0.65, I guess it is possible it may not be. The feasibility will tell us. But again, copper was at its 20 year a few weeks ago. It is now $0.70 and inventories are coming down. I don't know the future and you don't. But the business cycles have existed for centuries and commodity prices will continue to move up and down. Hopefully, MAN is exploring when copper prices are low, but will bring this into production when copper prices are much higher. Time will tell. In the mean time... lets speculate on TG-3.

To: mineman who wrote (2719)	6/30/1999 10:42:00 AM
From: Gerald Walls	Respond to of 4504

So with copper at $.65/pound You need to quit using $0.65. This morning Phelps Dodge announced that they were restructuring and reducing copper production by 68,000 tons. The talking heads said that copper prices have reacted favorably this morning. According to a Yahoo story about it: The copper market responded almost immediately to the news, with the benchmark London Metal Exchange three-month price skyrocketing as much as $90, or 5.7 percent, to $1,655 a ton, the highest level in nearly nine months. According to another story, this is up $100 from the previous close. Yet another has this quote: Phelps said it would temporarily close its Hidalgo smelter in New Mexico and a portion of the Morenci mining complex in Arizona, and cut 50 percent of its El Paso refinery output. ''This is not a short-term price blip. I can see $1,700 in the next few hours,'' one seasoned copper dealer said.