66649--3/12/2007--MINES_MANAGEMENT

related topics

{gas, price, oil}

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{stock, price, operating}

{property, intellectual, protect}

{competitive, industry, competition}

We have no recent history of production. We have a history of losses and we expect losses to continue for at least the next three years. We have no proven or probable reserves. The exploration of mineral properties is highly speculative in nature, involves substantial expenditures and is frequently non-productive. We may not be able to obtain permits required for development of the Montanore Project. We may not be able to raise the funds necessary to develop the Montanore Project. Our future success is subject to risks inherent in the mining industry. Our future profitability will be affected by changes in the prices of metals. Changes in mining or common metal laws could increase costs and impair our ability to develop our properties. We are subject to environmental risks. The title to some of our properties may be uncertain or defective. The market price of our common stock could experience volatility and could decline significantly.

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66649--3/12/2007--MINES_MANAGEMENT_INC