MIRAMAR MINING (MNG) Message Board

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Gold/Mining/Energy : MIRAMAR MINING (MNG)

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To: Bear who wrote (90)	7/9/1997 7:38:00 PM
From: Bucky Katt	of 457

Bear-- We can bask in the sun knowing we have a real gem of a company here. The hedge program is active for another 11 1/2 months, At $417 US per oz. BTW, they realized $421 US per oz. in the first quarter. Brilliant! Also, they ended the quarter with $144 million in working capital. I think Peter Munk is going to go on a shopping spree soon, and MAENF may be on his list. Or, with all that cash, Maenf may be buying. An article in the WSJ today explains the likely consolidation coming, as a lot of mines are now in danger of being shut. And, that means opportunity! WJ

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