MIRAMAR MINING (MNG) Message Board

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Gold/Mining/Energy : MIRAMAR MINING (MNG)

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To: Bear who wrote (112)	9/1/1997 12:22:00 AM
From: Bear	of 457

newswire.ca The above is (hopefully) a link to Miramar's latest quarterly report. Northern Orion's is also out. I figure the Con Mine is worth about US$4 per share of Miramar, Miramar's portion of Agua Rica about US$2 a share, and cash about C$2 a share, making MAENF stock worth at least US$8 per share when you throw in all of NNO's other properties. One qualification--we need to see how profitable Agua Rica will be. Hopefully the initial feasibility study will show it's profitable and will move MAENF price some. But in this lousy junior mining market, I won't be surprised if it doesn't. A return to profitability in the Sept quarter should boost the shares. Bear

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