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Gold/Mining/Energy : MPVIF Mountain Province Mining -- Ignore unavailable to you. Want to Upgrade?

To: james flannigan who wrote (1728)6/5/1999 10:40:00 PM
From: skelly  Read Replies (1) | Respond to of 2577
 
Current estimates of value of 4 pipes is approximately 4 to 5 billion dollars. (US)
The # of shares O/S of mpv is less than 50mm. Assuming 50mm shares and buyout at $15 (CAN) amounts to 750mm Can. Which roughly is about 500mm US. This is about 10% of estimated insituate value without taking into account what is yet to be found or any value to two new pipes already found. Only thing holding Debeers back right now is that they also want to control WSP if WSP proves up. Just my opinion.
cheers



To: james flannigan who wrote (1728)6/6/1999 12:23:00 PM
From: Domenic Caputo  Respond to of 2577
 
I would assume that DB has all the info they need to further
this project along. And I'm sure they already know much more
than MPV management will ever know. Wouldn't it be to their
advantage to buy MPV out today ($10?) rather than much more
down the road. Someone else stated GREED, couldn't agree more>

Let's hope these guys are as GREEDY as they come!

DOM



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