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Gold/Mining/Energy : MIRAMAR MINING (MNG)
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To: jim watson who wrote (65)6/1/1997 8:02:00 PM
From: aknahow of 457
 
Reference is to Miramars annual report. since it consolidates Northern Orions balance sheet and finncial results it does not list the value of the shares of NNO held thru its 53.9% ownership. For example cash and short term investments shown as $132,891,000. But this includes 53.9% of whatever cash balance NNO has. Need NNO report, which I have requested to answer the question you ask. Annual Report not only source as analyst may have discussed market value of NNO shares vs carried value, in aggregate or on per share basis.
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