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Gold/Mining/Energy : Minefinders, MFL -- Ignore unavailable to you. Want to Upgrade?

To: Not_Active who wrote (150)	8/18/1998 6:31:00 PM
From: Robert	Respond to of 578

MFL management confirmed to me today that the crosses are from people who want out. But I was assured that the blocks will not be sold into the open market. That is why they were crossed. NB is a big backer of MFL (their star? analyst Egizio had it rated at their highest level last time I checked. Mind you he is also famous for a fax saying "the gold is there" in response to rumours surrounding bre-x). I was quite negative on MFL a week or 2 ago, but am thinking it still makes sense, especially since my average cost is very low, around $1. Also, I haven't done the arithmetic yet, but I was told by MFL today that Dolores can still be profitable with gold trading at $200 per oz. Figures quoted to me were based on an average gold equivalent grade per tonne of 2gm. The production costs are estimated at US $3.95 per tonne. Mind you, the person on the phone to me went through a long pause, and much rustling of paper, before coming up with these numbers. Maybe someone can do the arithmetic to get the cost of production per gold equivalent oz. I'm unclear about ton or tonne. Let's see if there is a smart person out there.......Robert