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Gold/Mining/Energy : MIRAMAR MINING (MNG)
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To: jim watson who wrote (166)11/21/1997 1:11:00 PM
From: dwight vickersRead Replies (1) of 457
 
Jim,

Back in ancient times (prior to 1982) before we entered the new pardigm where everyone will get rich holding equities, one could often find stocks selling at unbelievably low levels vs. assets.

Now you have to be holding stock in a relic with no value such as gold to see a similar situation.

Seriously there was a time where the prudent investor had an edge. Proper due diligence would lead to situations like this.

Hopefully there isn't a disaster out there that no one has foreseen that will eat up the cash.

Dwight
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