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Gold/Mining/Energy : MIRAMAR MINING (MNG)
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To: John Dally who wrote (395)9/8/2002 1:17:03 PM
From: aknahowRead Replies (1) of 457
 
Thanks again for the Dundee information. I have now read the latest annual report. Lots of worthwhile information about how they select investments. The regular management fee is 1% per year, paid 1/12 monthly, but there is a performance fee based on outperforming bullion.

They used to own about 28% of Hope Bay and thus ended up with 10% of Miramar after the merger. They have great expectations for the Hope Bay area.
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