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

To: James N. Wilson who wrote (3745)	9/26/1999 2:39:00 PM
From: teevee	Read Replies (1) \| Respond to of 4504

James, I didn't know it was offensive to have a contrary perspective and opinion. If I may elucidate my position, a review of recent senior North American, Australian and European Zn-Pb producer's annual reports indicates to me that recently developed underground and open pit mines have combined grades of 15% plus precious metal credits. From that perspective, I find reported Zn-Pb grades of 5-10% interesting only, and anything less to be noteworthy at best. No doubt I will see many objections and exceptions to the above posted but how many fined grained, low grade, VMS deposits in Central and South America are currently in production by senior mining houses? There are many that were evaluated and have been sitting on the shelf for decades. Lets just chalk it up to different investment/speculation criteria. I don't see why I can't have it both ways? I happen to agree with in large part, and like Nesbitt's coverage of WSP but, I disagree with Nesbitt on their coverage of MAN. I shall refrain from posting here until I re-new a short position in MAN. Good luck. As for the price of gold, I would interpret the recent increase as an uptick in a downward trend. It appears that gold mining companies agree if you believe recent press suggesting that there was heavy producer forward selling into the rally. Nothing goes straight up or down does it?regards, teevee