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Gold/Mining/Energy : Maracote International Resources (VSE: MCE) -- Ignore unavailable to you. Want to Upgrade?


To: Tom Cat who wrote (231)2/25/1999 1:12:00 AM
From: Claude Cormier  Respond to of 339
 
<<1. Was there any prior exploration on their Chilca Breccia(sp) property prior MCE drilling? >>

I understand that all their was were a few small shaft by local miner and very limited mining. No modern exploration.

<< 2. Initial results look good, why is it taking that long to get next round of results? >>

They are indeed good. I heard that results are coming in early-mid march. The drill program completed a few weeks ago. Is that long ?

<<3. How good do you think is management? >>

Very high quality. The names have been around for years and are well known.

Despite all this, MCE is speculative..with no resources defined yet. A major discover could mean several times the current price. A failure could imply prices in the few pennies. That is speculation. But the play is for real.

I prefer the more conservative juniors and mid-tiers with real assets. But from time to time I like a small exploration play.

Good Luck.