Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Minera Andes, MAI on Alberta -- Ignore unavailable to you. Want to Upgrade?

To: Bob Pierson who wrote (56)	3/25/1998 10:09:00 PM
From: Dan P	Respond to of 340

Unfortunately, this is more or less what I expected in terms of market reaction. We saw that with Yamana's announcement as well. I am not a geologist, but a hole that hits 100 feet of 4+gm/tonne gold, and 600gms/ton silver has to be regarded as spectacular. This was selling on news, and suggests as we have seen elsewhere that traders are taking profits wherever they can, rather than waiting for the longer ride. This is evidence of the current negative psychology toward juniors, in general, after last years series of debacles, imo. That is however, probably a bullish sign, as it certainly does not speak to excessive optimism which often is associated with tops of markets. MAI is a buy, in my opinion.! Regards Dan

To: Bob Pierson who wrote (56)	3/30/1998 1:45:00 PM
From: EmpiricalR	Read Replies (1) \| Respond to of 340

Why the silence since last Wednesday? Do people not know how to convert silver to gold equivalent? Would the market have got more excited if MAI reported 115 feet of 0.5 oz/ton? It is clear that MAI have lucked onto an epithermal zone with simultaneous high concentrations of both silver and gold, and with widespread mineralization. It is also clear that a major gold/silver rush has started in Patagonia. The market is reacting as if these four reconnaisance holes on Saavedra West are definitive -- that the potential ore body has been delimited! This is the tip of the iceberg and this elephant is as big as it ever was.