Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Claude Cormier who wrote (2907)	7/7/1999 12:20:00 PM
From: Andrew Cook	Read Replies (1) \| Respond to of 4504

CC, Not being the most patient of individuals, I've been re-reading releases and noodling over the present developments and some questions come to mind that certainly would help me and maybe others as well. 1) A bit of terminology that seems like it might be general industry stuff but I wasn't familiar with. What did the "Dyke" notation on the 233m TG-3-2 hole mean? 2) In the Jun16 PR, we got this: <<<Presently two drills are working on the TG1 deposit, conducting confirmatory and step out drilling. To June 15, 1999, 24 holes, totalling 2,651 metres, had been completed.>>> I guess the answer is probably "No" ... but is there any indication as to when these results may be available? The PR implied they should already have been out by now. 3) From the May17 PR, we got this: <<<The twelve-month exploration and feasibility program comprises 50,000 metres of diamond drilling, geophysical surveys, and technical and environmental studies>>> Would you infer from this that the actual "Feasibility Study" work is targeted to be underway within 12 months, even though the deadline for FS production is 3 years. I ask because I'd like to form an idea of how quickly the drilling will progress to include other anomalies. 4) Also from May17, <<<Recent gravity geophysical surveys on this ground have identified more than ten anomalies, of which four are confirmed as drill targets.>>> Do we know which 4 are targets? I gotta think TG-4 is high on the list. Other general thoughts: I'm very pleased and encouraged to see MAN hold firm (to this point) at $7.00+. I agree with the earlier comment that assays will define the near future. I'm guessing that at minimum a modest resource will be indicated on TG-3, but that this may already be priced in. Thus, I'm hoping that MAN is confident enough and it's logistically feasible to initiate drilling on the next anomaly in the near future as a buffer against TG-3 assays at the low-end of expectations. If not, maybe the impending TG-1 results will be good and provide such a buffer. But here's hoping consideration of such eventualities is wasted effort!!! <g> Thanks, Andrew