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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (1379)	5/15/2003 9:21:00 PM
From: pater tenebrarum	1 Recommendation Read Replies (2) \| Respond to of 4905

thanks, i'm vaguely aware of it...big deposit in Mongolia if i remember correctly. there are three other small explorers that are essentially debt free and own VERY large deposits that are more or less certain to be brought to account one day : GBGLF (we've discussed it before, but it now has Burnstone in SA, which is to say, probably 17 million oz.) , GLDR (Las Brisas, next to Las Cristinas...huge, but capital intensive deposit. lowest per oz. valuation among juniors. it'll take time, effort and money to get to the production stage..GBGLF is much closer to production as far as i can tell). and lastly, METLF, which up until recently was really a long-shot (albeit one with nearly 10m. oz. in the ground). it has now acquired a small mine from Glamis, which will produce soon - which is a concept i like, produce some cash flow that can be utilized to bring the big deposit closer to development. MNG also fits that mold actually.