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

To: Sailfish who wrote (3797)	11/2/1999 11:54:00 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 4504

<<If the POG goes up by US$1, the value of the oxide cap increases by US$1.5 million...>> My friend, you should use "metal content" instead of "value". The value of a deposit usually is the difference between the current value of all recoverable metal, less all taxes, operating and capital costs...all this discounted at a specific % over the life of the mine. <<Claude..What does your crystal ball say about when we can expect to see US$1.20 HG Cu again...??>> Well I am not too optimistic on that.... cause the inventories do not look good. metalprices.com (check the long term chart) But if we get a couple of very strong global economic growth...then maybe.