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

To: Elizabeth Andrews who wrote (4211)	11/29/2000 6:39:13 PM
From: russwinter	Read Replies (2) \| Respond to of 4504

<they rarely have the ability to finance and develop a prospect> Nor apparently do many of the majors anymore? Capital is almost entirely gone from the sector. This is what the Depression in 1932 must have felt like. I wonder if the returns of mining here are really that poor though? Once a mine gets put in place this one should generate solid profitable cash flows. Since there is a whole prolific district, the surprises would be to the plus side. Obviously a planning and development exercise of this magnitude should be passed to a larger company. Will buyers step up and will the seller(s) cut their asking prices? That's the 64 K question. I think there are some deals coming soon, and even at wholesale prices, investors should be well rewarded from these ultra depressed prices.