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

To: Little Joe who wrote (4018)	2/16/2000 6:21:00 PM
From: Claude Cormier	Read Replies (3) \| Respond to of 4504

<<I don't believe that the town is a real issue, because, unless I am missing something, I don't see how the townspeople would benefit by refusing to move. >> I agree that the people will benefit the most by moving. Still, this is the most important issue and a real one until an agreement is signed and the deal is done. No town removal.... no mining. Period. Another issue, which I explained in a recent Ormetal Report, is the fact that the sulfides will not be mined before 5 years or so... The discount cash flow mechanism make this asset less valuable now. Recent NAV analysis I have seen value the gold cap at near $5 per share... leaving almost nothing for the sulfides. This is only a temporary under-valuation. This last issue will have no effect on the price a senior will pay to acquire this great suite of mineral inventories. For the ultimate suitor, the key id an agreement on the town removal.