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

To: J. Nelson who wrote (16842)	5/7/1999 9:55:00 PM
From: J. Williams	Read Replies (1) \| Respond to of 22810

Jim, the AU that is about to hit the market is one half of the holdings of Great Britian. England is selling off that half to bolster the country's cash position for their entry into the eurodollar. The sell off will happen in an orderly fashion over the next year. This sell off will definitely have an affect on Au prices. But MDIN gold find should be open pit and relatively cost effective to extract, hence quite profitable. No matter how you slice it NPEC still has a substantial position it the Gold find. And that position will certainly have its effect on NPEC valuation. Just a thought. JWMS