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Gold/Mining/Energy : Metallica (MR T) -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (207)	10/1/1999 2:35:00 PM
From: EZbeliever	Respond to of 263

CC You are quite correct, spreads are higher with juniors (understandably so). It just seems that the market makers for METLF consistently gouge more than others. Example: Miramar MAENF B64 A74 Metalica METLF B64 A80 Considering both ends of a trade this is a MAJOR difference! I used the Miramar/Metalica as an example because I own them both and they each trade on NASDAQ. Usually keeping between 10 to 15 juniors in my portfolio and tracking many, the poor pricing of Metalica ALWAYS bothers me. There are many other smaller companies priced much more efficiently. I feel this is a hinderance to past and future performance. We could really use much more action (volume) on this stock. When it happens the price will be up and not down! With an average cost in the .40's I'm quite pleased. However, it would be much better for everyone if the spread narrowed. I believe it will down the road. Just wish it was now. Can't stand the feeling of being robbed when adding additional shares, or making portfolio adjustments. EZ

To: Claude Cormier who wrote (207)	10/6/1999 4:10:00 PM
From: Traveling Man	Read Replies (1) \| Respond to of 263

Gentlemen, MR announced today a JV with the entire El Morro property in Chile with Noranda. It looks reasonable to me with Noranda earning a 70% interest,but only after around $20 million US dollar expenditure either on development or cash to Metallica in the next 5 years. Hopefully, with their participation,this property will be a producer and cash flow engine for MR. Au is getting to where it looks like the Mexican mine could be economical soon. TM