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Gold/Mining/Energy : MPVIF Mountain Province Mining -- Ignore unavailable to you. Want to Upgrade?

To: skelly who wrote (734)	4/8/1998 8:06:00 PM
From: Larry G.	Respond to of 2577

Skelly, Litton has 34% interest in Glenmore. Could you elaborate on controlling the company. If it does control the company how is this negative. Could you tell me more about the Finland play. I know it went up to $10.50 and came down but maybe people have overreacted thus the price is to low. After Bre-x an number of Gold plays suffered. Glenmore (GMH) does own 40.4% of Mountain Province Mining and that is an asset worth about 90 million dollars. John Kaiser of Bottom fishing thinks there is a good possibility that MPV could doubling or tripling in 98. That would translate as an asset of 180 to 270 million for Genmore. A triple would give every shareholder $11.70 of value in MPV, for every share of GMH. This would be 6X $1.90 as compare to a triple of MPV.