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

To: Claude Cormier who wrote (2724)	6/30/1999 11:15:00 AM
From: mineman	Read Replies (1) \| Respond to of 4504

I agree the gold-cap would never be mined if the sulphides are not. I would add that figures show the copper-sulphide layer could not be mined without copper at $1.30 a pound or about double what it is now! Large thick ore bodies with paid-for open-pit mines and mills are shutting down or curtailing production so a relatively thin copper layer at 40 m (130 ft) depth that needs mine and mill construction and payback will not be considered by financeers until copper prices go over $1.30 a pound. And I cannot forsee copper prices rising above the $.60 to $.75 range for the next 5 years at least.