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Gold/Mining/Energy : Madison Enterprise, MNP/VSE -- Ignore unavailable to you. Want to Upgrade?

To: Little Joe who wrote (179)11/29/1998 1:48:00 AM
From: CIMA  Read Replies (1) | Respond to of 285
 
They have verified it verbally on the InvestAmerica show earlier this year where the company was featured and recommended as a buy by Howard Ruff.

Buy By.



To: Little Joe who wrote (179)11/29/1998 8:13:00 AM
From: Dan P  Read Replies (1) | Respond to of 285
 
Little Joe:

Not to my knowledge. This is my reading of the company's goals
based on management's previous accomplishments, and the fact that
they are concentrating on drilling and expanding their resource.
To my knowledge, no one has talked of taking this to production,
although that is always a possibility.

Regards

Dan



To: Little Joe who wrote (179)11/29/1998 9:12:00 AM
From: Karl Zetmeir  Respond to of 285
 
That's a pretty common exit strategy for a junior.

Their expertise is in "finding" the reserve and getting it to "resource status" ... namely that a recognized Eng. firm has
independently verified the resource calculation.

I agree, 4M oz is very substantial.

The cost per oz. to get it out has many variables, location, grade, environment, government restrictions, etc.

I would think this could be an excellent JV property for a major.


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