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

To: charred who wrote (3044)	7/11/1999 10:40:00 PM
From: Little Joe	Read Replies (1) \| Respond to of 4504

<James, how much do you think a house like that costs?>> This is a good question, but judging from the slide of the town in the Manhattan slide presentation, we are not talking about homes as we would imagine. This is a town with no paved roads and the "houses" are shacks. I doubt they cost much to build. Of course we don't know the law that would apply and what compensation, if any, Manhattan would be required to pay or how long it would take to move the residents. However, I suspect that it wouldn't take much cash to buy these folks out. <I figure they need about 2000 houses with running water, electricity and telephone lines.> Again, judging from the slide of the town, I wonder if the town has running water, electricity or telephones. <<Then you have to rebuild schools and clinics etc.>> This may be the case, but on the other hand do we know if there are any schools and/or clinics. What responsibility would the government, who is a parnter in the project have to replace these facilities if they even exist?? <<All I am saying it's not a piece of cake to move over 10,000 people where ever you are.>> I agree that it may not be a piece of cake, but based on information we now have, we don't know what the economic impact of moving the town or compensating the residents will be. It is entirely possible that we are over estimating or under estimating the problem. Lots of unknowns here, but the plain fact of the matter is that if the TG-3 numbers come in big, the stock will move up substantially and if any of the other anomolies produce good drill results the stock will move higher. To the extent that the ecomomics of moving the town become an issue, I suspect it will be far down the road after the drilling results are in and I doubt if I'll own the stock then. Live long and prosper, Little joe

To: charred who wrote (3044)	7/11/1999 10:47:00 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 4504

<<All I am saying it's not a piece of cake to move over 10,000 people where ever you are. Besides the cost everyone has to agree. I am sure management knows this. >> No doubt Charred. But in the eventuality that they come up with a positive feasibility... it is likely that there will be some agreements with the governement, simply because of the large number of jobs created. What about the possibilities of grant or tax reliefs... We don't know. Anyway, I feel this problem is one that must be dealt with in due time. For now, the game is one of defining resources. And the larger the resources are, the higher will go the stock and the smaller the "town" problem will be. From an investor point of view, I prefer to think that MAN is possibly sitting on a new mining camp that may exceed Antamina in both scope and value.