MIRAMAR MINING (MNG) Message Board

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Gold/Mining/Energy : MIRAMAR MINING (MNG)

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To: Bucky Katt who wrote (162)	11/20/1997 5:40:00 PM
From: PaulM	Read Replies (1) of 457

Even if a write down (say 20%) is coming, the stock price still bears no relation to the company's assets value. From the second quarter balance sheet: 56.6 mill outstanding shares 109 mill cash about 130 mill net current assets (141 mill -11 mill curr liabilities) 247 mill shareholderf equity. With these assets and surrent prices they can buiy more than just one miner.

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