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Gold/Mining/Energy : NP Energy Cp New -- Ignore unavailable to you. Want to Upgrade?

To: Grant Movold who wrote (11391)	4/16/1998 6:29:00 PM
From: Walter Brownlee	Respond to of 22810

Grant & Mark; good reports,..many thanks,... Regards...Walt

To: Grant Movold who wrote (11391)	4/16/1998 6:59:00 PM
From: LumpofCoal	Read Replies (1) \| Respond to of 22810

Thanks for the info. I was expecting news this week per npec mgt's previous statements. You're right, timing is everything. I'm giving it about 45 more days and I'll be cycling out if no progress. I'll be reducing my position regardless. Hopefully, we'll see some upward movement before then. The price is right. I liked it at .25, I love it at .05; but my dance card is full for now. Mike W

To: Grant Movold who wrote (11391)	4/16/1998 8:47:00 PM
From: WHL	Respond to of 22810

Grant: Let's suppose Medinah has finally finished cooking in the kitchen as the DAY draws to a close. I think we're talking $2.50-$3.00 per MDIN share for MDIN & NPEC's interest in the Andacollo properties (w/ or w/out La Colorada?). Anyway, let's crunch some numbers: $2.75 * 44,000,000 = $121,000,000 for the Andacollo properties. 20% off the top to NPEC = $24,200,000 (cash & stock?) NPEC owns 14.6/44 of MDIN = 33% or 1/3 MDIN's (cash plus stock?) position in the 80% = $96,800,000 NPEC's 1/3 position in MDIN = $32,300,000 WIth a sale at $2.75 per MDIN share, we are looking at a value to NPEC of approximately $56,500,000. just from this transaction. That is about $.75 per share. LET'S DO IT!