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Gold/Mining/Energy : Millstream Mines (MLSM) -- Ignore unavailable to you. Want to Upgrade?


To: Just G who wrote (283)9/28/1999 11:51:00 AM
From: MINEFINDER  Read Replies (1) | Respond to of 664
 
Thanks, that goes a considerable distance in explaining things, now they have to really bear down and develop said property!



To: Just G who wrote (283)9/29/1999 1:27:00 AM
From: Brumell  Read Replies (1) | Respond to of 664
 
Had a chance to more thoroughly read MLSM's latest NR. It's interesting. This is the first time I've ever heard MLSM or any of their consultants refer to a vent.

<< A volcanic vent (feeder) has been discovered lying between the MASU mineralized mine area and this Blue Sky
target. >>

Some time ago I mentioned MLSM's web site carried a lot of information. It takes time to read but it's all there and not hype. It's rather cut and dried reports from geological consultants - what they found, their thoughts and opinions. While possibilities and future potential are theorized, I don't think a vent is specifically mentioned.

If we accept this NR at face value, the vent could be very significant. Presumably it would appear as a north-south structure which originally fed and produced the east-west lying massive sulphide deposits. It could be the heart of a highly enriched zone.

The question is, what information has been used to declare such a discovery? Is it based solely on geophysics? Are there drill indications (as were rumoured) of such a vent? It's all very mysterious. It may be significant or it may just be another lever to pump the market. Either way, suspect we'll be hearing a lot more about it in the near future.

Regards.

Bob



To: Just G who wrote (283)9/29/1999 9:33:00 AM
From: hugh thorne  Read Replies (2) | Respond to of 664
 
I am only a bean counter, but if their argument has been over whether to focus drilling at the vent area between MASU and the Blue sky,or go off in some other direction,i #4$7king well vote for HDG's position.

As they say, if they can substantiate the Quantec I.P. work then they kill 2 birds. Firstly the immediate shore up and secondly the ability to infer from their other conclusions.

I wonder how long it will take to drill and produce results.

The revised offering memorandum may well refer to a new buy in price based on current trading; it would be useful to know this. Secondly, are the financing terms set or do HDG have to wait, in which case HDG would presumably like to see a low price for the time being, get the paper work done and then sell the financing into a market where the trading price already exceeds the financing buy in. This has been the pattern of the past.