Large trades recently have made me suspicious of MNT. I'm in no way over-exposed and view today's purchase more as a gamble than an investment.

I bought today only because I can't see the price falling further and if a 10th of the hype comes true we could see significant gains for MNT from it's current price - currently 1.65 - 1.70 (27/05/03).

I used to hold MNT at 30p during the boom and sold out in the mid twenties.

Does anybody have any opinions re MNT?

Constructive opinions very welcome.

Many Thanks Wendy D. I was looking perhaps too optimistically at the current explorations adn reckoning that they might begin to expand their prodution side

Well, Gantenbrink, you only made the same mistake as I made. But I made it over and over again!

There is little doubt that there are some healthy looking projects in the exploration portfolio. But most are a long way from delivering value.

So Minmet's future for the next 12 months or so depends on Bjorkdal. Their plans certainly include increased production and a return to mining in-pit ore, which SHOULD be achieveable. Current drilling is intended to (a) re-establish grade control within the pit, which William Resources abandoned when they ran out of dosh; (b) to upgrade the current resource to reserve status; and (c) to do a bit of poking about in adjacent areas. At the recent AGM (the presentation is on the website) David Hall gave a 'gelogical estimate' of about 3 million oz of contained gold in the pit and its immediate environs. That doesn't mean to say that 3 million ounces can be mined, of course - it's simply what existing drilling indicates is probably there. And he was quick to say that no value can be put on it. There re also some interesting figures from SRK - who are independent - which back up Hall's estimate.

You will also find the whole SRK report on the Bjorkdal package on the website - it's contained in the circular to shareholders.

At this price, it's not a bad buy, provided that all goes well....

Wendy - good post no: 11. Initial purchase made recently for medium term.

As previously mentioned by a poster above http://www.minmet.ie provides info on their projects with pictorial views.
recommend a visit to those doing research. LOL.