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

To: Elizabeth Andrews who wrote (4125)	5/9/2000 2:26:00 AM
From: russet	Read Replies (1) \| Respond to of 4504

Perhaps we should talk about the geology here,...they keep finding new discovery zones with good geophysics and geochemistry, and they drill it and come up with good assays. There are 15 new indicated zones to explore. Perhaps we should ignore Tambo Grande, and look into the southern desert?? I get the feeling talking to these folks, that they are leaning to develop B5 first, alone,...by themselves,...without help from big companies,...with loans from banks once feasibility studies have been done. It may be cheap enough, and rich enough do do so. Barrick started somewhere too,...and it did take them awhile to get started. I'm sure the shorters and the scardey cats will drop it some more,...but the total land holding will be worth more eventually,...unless you think this is too high in elevation, too far from power and water, and too far from economic to be worth looking at. I don't, but I'd like to get some more shares cheaper. Comments,... Just another squished potato hamster (gggggggggg).

To: Elizabeth Andrews who wrote (4125)	5/9/2000 10:06:00 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 4504

Eliz, I follow you. I think the buyout is the likely ending. And I disagree when you say they can't achieved it. All they need to do is another small pp and drill further to complete feasibility. It is also possible they hit on another anomaly,then the buyout will be even more automatic. As for production, they can also achieved it. But I am not so sure if this is the best option for shareholders...unless of course, metal prices explode. Keep in mind that their market cap is still way below US$100 millions and they have in TG1 a large deposit that is worth a lot more than that. Unfortuately, because of the discounting mechanism and the fact that the sulfides cannot be mined before the gold cap, TG1 has less value now than it will in 3-5 years after the gold cap is mined. This has an effect on MAN current valuation, but it is less important for a senior acquiring MAN.