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


To: Brumell who wrote (378)10/16/1999 7:42:00 AM
From: hugh thorne  Read Replies (1) | Respond to of 664
 
Brumell, i don't think the property would actually have been put in the LP. Rather, i suspect that the LP raised capital and incurred expenses to obtain various rights from the property and proceeds from exploitation of the reserve.

I know the valuation is clear that these are not proven, however i wonder if they have left that hanging because this work is really just an extension of a known mine- could be grasping here but it seems to make sense.

The lows could easily be 10 to 15 cents, i agree with you.

Montanna is a hot area, i wonder if the interest shift is a reflection of that and the fact that even though we have some problems here, it doesn't need the full attention of all the company. Sounds kind of funny, but they do seem to have their sitespicked and the equipment is already there etc.

Bottom line though is that a cannot reconcile the Sept meeting with HDG and what we have now. IMO we must have 2 *$sholes at the table.