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Gold/Mining/Energy : MINK MINERAL RESOURCES -- Ignore unavailable to you. Want to Upgrade?

To: Davey Stuart who wrote (285)	12/18/1997 7:17:00 PM
From: Joe King	Read Replies (2) \| Respond to of 637

Dave, They will have a tough time raising money in this market, not because of the market but because of their past record. They are extremely slow and at a burn rate of $250,000 to $300,000 a month the $500,000 they raise will only last a couple of months. 2 years ago they had $6 mil to verify pipes and they are still trying.I think the mining areas have been mined since 1980 by various companies and they finally gave up or went bankrupt. If you are investing in skill and good management save your money. If you think Mink will get lucky you might have a chance to make some money. Good Luck, Joe