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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Condor who wrote (28377)	3/5/2004 2:16:10 PM
From: VAUGHN	Read Replies (1) \| Respond to of 39344

Re: TISA, I didn't mean to imply otherwise, sorry. As for MC, it would appear management is focused on securing property rights with elephant potential then farming development out and retaining a good % so there's little carrying cost. I imagine we will be hearing similar news re: MC's Chinese plays. It would also appear then that there would be modest short term downside risk from dilution, so holding in anticipation of a boost from Carlin drilling success or from further acquisitions would seem to be a reasonable strategy for now. Because management is farming development out for a good % MC currently doesn't look like a play with home run potential, but considering the share price leverage to news, I suspect there is a reasonably good possibility for a double or triple this year with acceptable downside risk. Just my take. Vaughn