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

To: Elizabeth Andrews who wrote (3283)	7/26/1999 9:36:00 PM
From: teevee	Read Replies (1) \| Respond to of 4504

Elizabeth, Cannacord's analyst would tend to agree with you..."market enthusiasm is now expected to follow and not lead results"....I'm surprised the price held up as good as it did today...... regards, teevee

To: Elizabeth Andrews who wrote (3283)	7/26/1999 10:52:00 PM
From: TrueScouse	Read Replies (2) \| Respond to of 4504

Liz: <<I don't think the assays to date are likely to be economic>> I think you're underestimating what has been found on TG-3 so far. If you calculate the "Cu equivalent" values of the metals in the 12 holes to date, you get some interesting figures. For example, for the results at the south end of the anomaly (Holes 1, 4, 7, 9), I estimate average intercepts of about 40 metres of 2.8 percent Cu equivalent. Hole 7, for example, has an intercept of 42.5 metres of 4.5 percent Cu equivalent. 40 metres is the height of a 12 storey building! At the north end (Holes 3, 6, 10, 12), I came up with an average of about 70 metres of 2.4 percent Cu equivalent. Hole 10 has 41 metres of 4.5 percent Cu equivalent and a couple of the holes have around 100 metres of about 2 percent -- i.e. over 300 feet. Maybe I'm misinterpreting the data, but it looks pretty good to me for starters <g>. Howy

To: Elizabeth Andrews who wrote (3283)	7/26/1999 11:59:00 PM
From: Bruce Robbins	Read Replies (1) \| Respond to of 4504

>>I don't think the assays to date are likely to be economic<< Can you please tell me how you come to this conclusion? >>With this many holes and the amount of assay in the bag it's going to take more than a few high grade hits to change the average value of TG-3<< The amount of information we presently have on TG-3 is equivalent to the amount of information you would have if you drilled 12 syringes through my house and tried to tell everyone what was exactly in the house. Drill holes are less than 0.15 meters in diameter on a target that is 600 meters long and 400 meters wide. That means one hole represents a maximum of 0.03% of the target area, and 12 holes represents 0.36% of the target area. When you get to 100 drill holes you've covered 3% of the target area. And if you mine the orebody out, you finally get to cover 100% of the target. Patience Elizabeth. No one has enough information to know whether TG-3 is economic yet. I think MAN has done a great job on their exploration program so far. With three drills turning, we will soon find out if TG-3 is economic or not.