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Gold/Mining/Energy : MIRAMAR MINING (MNG)

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To: jim watson who wrote (51)5/22/1997 2:23:00 AM
From: Bear of 457
 
I suggest you get yourself on the mailing list of Miramar and NNO.
Call 1-800-663-8780. They put out excellent quarterly reports.

Miramar's earning for this year will be affected by the slowdown in
the Con Mine for cost-cutting in the first 2 quarters. They should
hit stride in the Sept. quarter.

Miramar does have a lot of cash earning money market interest, but
their earnings normally come mostly from Con Mine operations.

Incidentally, NNO had another press release today: about getting a joint venture partner to explore one of its properties ("Tres Hermanas") in exchange for a 50-60% interest. This is good, because NNO has a lot of properties that need exploration and already has issued a lot of shares. Now, if only Miramar would do something useful with that cash . . . .

Bear
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