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

To: Elizabeth Andrews who wrote (2869)	7/6/1999 12:19:00 PM
From: Casey	Read Replies (2) \| Respond to of 4504

Liz: Doug Lieshman doesn't think so: stockhouse.com from the end of the email: "Market Reaction > > We expect a positive market reaction. Much more data is needed to judge the significance of this discovery. We expect to talk to Manhattan officials later today and will report any other significant news. > > Doug Leishman > Retail Research > > Vancouver, July 6th, 1999 "

To: Elizabeth Andrews who wrote (2869)	7/6/1999 12:47:00 PM
From: Claude Cormier	Read Replies (4) \| Respond to of 4504

<<Even using the most efficient underground bulk mining methods I think it's unlikely that these grades are economic. >> I agree for hole #1 Eliz. But I think you see the big picture. Tis hole is on the fringe of the deposit. The body of this deposit is centered around holes #3, #4, #5 which are 200m apart. With intervals of 255 meters of sulfides, it wont take much better grades to make this economic. But as you and I know, it is quite possible that we will have much higher grades on both copper and gold as we reach the lens at the center of this VMS. A quick calculation tells me that the area covered by a 400m by 400m perimeter over hole #3-#5 could have 100M tons of sulphides to a depth of 450 meters. What if the grades is 3% with 1-2g/t gold ? The jury is out! And the next release will tell if we go to $15 or or $5. I am betting on good grades on the large intercepts. The odds are for better numbers, I believe. The shorts will get killed on the next release if we get those grades up.