MIRAMAR MINING (MNG) Message Board

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Gold/Mining/Energy : MIRAMAR MINING (MNG)

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To: rails99 who wrote (361)	8/5/2001 9:29:41 PM
From: Frank Pembleton	Read Replies (1) of 457

I believe all three working Red Lake Rails, I don't believe that to be true, here's a link for Kinross: kinross.com another for Miramar: miramarmining.com How do I feel about Goldcorp? They're mining gold for about $60.00 an ounce, debt free and have $65 million in cash. Check out the web site: goldcorp.com Goldcorp versus Miramar versus KGC? Both MAE and K are more leveraged to the price of gold. Miramar is an excellent example of leverage, it has higher cost marginal operations with the potential of huge growth in reserves. Just remember Miramar has no debt and $20 million in cash, it's also operating one the biggest exploration programs in the world. Goldcorp is a defensive play, the stock price will appreciate but without the fireworks. Regards Frank P.

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