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Gold/Mining/Energy : Minefinders, MFL -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (285)	9/8/2001 7:56:47 PM
From: loantech	Respond to of 578

Russ, I guess if FN likes minefinders then they should also like the rest of metallica and buy it up also. Any thoughts on that oh wise one? :-) Thanks for the tips, I moved and bought 10,000 minefinders a couple of weeks ago. I made the move but you supplied the brain. Thanks Russ and Claude and others for all the help you provide on this forum. P.S.I bought 10,000 metallica after FN increased their stake some time back. Good Luck to all on their investments, Tom

To: russwinter who wrote (285)	9/8/2001 8:54:03 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 578

The 22% was also with silver at $4.75.. But you are right.. the recent news (metallurgy, higher silver grades) could help this IRR for MFL. Still, 22% is not very high..it is on the border line. The threshold is 20% when everything is going your way..and that is when the company owns the deposit. IF FN/ECO has to pay $4 to get to 100%, their IRR drops substantially. But your analysis of the new situation at ECO/FN makes a lot of sense... I can see a financing to support a new exploration phase to increase the size of Dolores.