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Gold/Mining/Energy : Morgain Minerals MGM "jv with BHP in Mexico" -- Ignore unavailable to you. Want to Upgrade?

To: skelly who wrote (417)	2/27/1998 10:54:00 AM
From: Simon D. Yates	Read Replies (1) \| Respond to of 472

Molybdenum Market Rally Halted I have not updated this metal in some time, and fell it is time to revisit the metal. There are signs that the price is beginning to weaken again. Reports show that ferromolybdenum spot prices for both Chinese and Western markets have fallen from their December peaks. However, molybdenum oxide prices have illustrated more resilience. CRU International believes that the outlook for moly prices in 1998 is poor, owing mainly to the Asian financial crisis. Level of importance: MGM reports a significant amount of the metal in the Quatro Hermanous property. ---------------- Silver results in the last NR: anything above 100 is relatively good to great: 1000 is excellent. 70-100 is not bad either. However, 4.9 and 14.9 is not worth considering from my point of view. Regards, Simon