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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: TheBusDriver who wrote (10043)	3/26/2002 2:54:38 PM
From: Frank Pembleton	Read Replies (1) \| Respond to of 36161

Wayne, you haven't followed the MNP conversation at all? I believe at todays market cap their reserves are valued at $6 per ounce and this property is right next to a property that's owned and operated by Placer Dome. The kicker is Placer Dome has run out of feed stock for their mine and will either shut down this operation or maybe possibly buy the MNP site and continue using the same infrastructure and people without the costs associated with a shut-down. I think that's the story... Regards Frank P.

To: TheBusDriver who wrote (10043)	3/26/2002 3:46:02 PM
From: gold$10k	Read Replies (1) \| Respond to of 36161

Wayne, In addition to the fundamentals which Frank described, MNP had an all-time low just 4 months ago which was delayed and made considerably worse just because one big seller wanted to get out, i.e. it wasn't the market comprised of many sellers that depressed the stock that much, just one seller who wanted to raise cash for whatever reason. Then there's the very bullish technicals including the volume. askresearch.com ... also they've just completed a private placement @ C$.10 and the market liked it or at least didn't care. Best, vt