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

To: KipferlMeister who wrote (2917)	7/7/1999 10:44:00 PM
From: Claude Cormier	Respond to of 4504

<<Would the average VMS deposit be economical if mined below ground?>> First I believe that most VMS are underground... and many are still cash flow positive with current metal prices. << What kind of grades should we hope for in TG3 to make even sub-ground mining economical? >> Hard to say... it depends on many factors which are unknown at the present. These includes recovery rate, grades continuity and metal prices. At current metal prices, I would say that we should hope for at least 4% copper equivalent which is the average for all VMS. It is worth noting that the 17 meters high grade interval in hole #1 is 3.9% copper equivalent. CC