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Gold/Mining/Energy : MIRAMAR MINING (MNG)

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To: Bucky Katt who wrote (129)10/20/1997 5:02:00 PM
From: Bear of 457
 
How is 200 meters 330 feet? Although some of the intercepts are very low grade, the overall results are very good. The drop in price following good drill results doesn't happen only to Miramar. I've seen that in many mining stocks. It looks like a response to the continued slide in gold prices--seventh straight day, I believe. However, some analysts are saying that copper may have bottomed out.
This is good for Miramar, since Agua Rica appears to be mainly a copper deposit. Now if gold forms a nice double bottom, we'll be okay. I wouldn't bet on it, though.

Bear
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