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

To: mineman who wrote (2728)	6/30/1999 12:41:00 PM
From: Claude Cormier	Respond to of 4504

<<And Batu Hijau is just one of 3 immense projects scheduled to start production in the next 3 years that will add to copper over-supplies and keep prices depressed! >> For sure, new production will come in line. But at the same times, as BHP and Phelps Dodge, will tell you, other operations will be shut down. The Asian recovery is there. Where will it go ? How strong will be the demand for metals in the next 5 years ? How fast the currently large copper inventories will be depleted ? These are answers we don't have. MAN is exploring now with a target feasibility in 24-36 months. Production in 4-5 years. Who knows what will happen betweem now and then ? TG-1 has some zinc, silver and gold... Who knows where the prices of these metals will be in 3-5 years. You sure know that zinc inventories are extremely low and that the prices of this metal will move a lot higher. Silver could also trade much higher. I say that MAN is currently in play and the stock prices have nothing to do with current metal prices. It has to do with a growing resource which has good chances of being economic 2-3 years down the road if not now. But, with a metal content of $50+ at current prices and a possible cost per ton of $12... do you really think it may not be economical? Eventually, we will take more profits in MAN... but for now, given the possibility of TG-3, it is way to early and extremely risky to short.