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

To: Elizabeth Andrews who wrote (4087)4/15/2000 8:07:00 PM
From: Sailfish  Read Replies (3) | Respond to of 4504
 
Greetings Elizabeth...

You may have a point here...

Would you be so kind as to show us how you arrived at this opinion...??

Quite a few Houses are recommending Manhattan as a "buy"...

I take it they are making these decisions/recommendations based on their own specific analysis of the company's situation...

Although some may be accused of being altruistic, certainly even you wouldn't suggest that they all are involved in some form of complicity...

Do you have any numbers to support your opinion...??

Regards....Ray



To: Elizabeth Andrews who wrote (4087)4/16/2000 7:59:00 PM
From: Claude Cormier  Read Replies (1) | Respond to of 4504
 
Eliz,

Again. I think you do not realized that the gold cap will have a very low CAPEX and will produce gold at US$75 per ounce and less. This will give huge cash flow that will pay for the so-called infrastructure and town removal.

Do the maths on a 1.5M ounces of gold deposit with a small strip ratio that will be mined at 300,000/ year for 5 years.


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