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

To: mineman who wrote (2777)	7/2/1999 12:54:00 PM
From: dennis ward	Read Replies (1) \| Respond to of 4504

Right on Mineman...too bad the market hasn't figured this out yet. Savvy shorters should be laughing today and rolling in the money when the rest of the market wises up to this ;^)

To: mineman who wrote (2777)	7/2/1999 1:49:00 PM
From: Bruce Robbins	Read Replies (1) \| Respond to of 4504

<<that the deep bed is too low grade to mine economically>> Sez who? Who did the feasibility? <<Gold assays of the overlying supergene layer should be lower than the underlying sulphide or overlying oxide bed>> Why would you say that? Gold usually does not weather out during the oxidation. What are you basing this conclusion on? The economics of this project do not rely on gold. They are planning to mine base metals. <<The new drill holes will intersect... will probably assay only low grade copper and gold. >> This is of course an opinion. Only the drilling by MAN will show us what is really there. We wouldn't need drilling and news releases if we could mine beliefs. <<TG-3: There is no indication other than a geophysical anomaly that there are similar copper and gold mineralized layers. The only gossan in this area is in a different location from the geophysical anomaly.>> This is partially true. MAN is drilling TG-3 to find out if there are sulfides. The fact that there is already a massive sulfide lens on the property, with a corresponding gravity anomaly, increases the odds that at least one of the several other gravity anomalies in the vicinity will be another massive sulfide lens. That does not mean that it will be economic. Only the drill will tell. As for gossan being there or not, I was under the impression that the gossan at Tambo Grande was under overburden. Perhaps, that is the reason they do not have a visual ID of the gossan at TG-3. The fact that you mention that there is one nearby is very bullish indeed! Perhaps there are more sulfide lenses where there are no gravity anomalies. Good luck on the shorts- MAN up 1.20 last I checked.