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Gold/Mining/Energy : Mindoro Resources Ltd - MIO

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To: Stephen Bedingfield who wrote (82)12/1/1997 1:21:00 PM
From: D.M.  Read Replies (1) of 147
 
To all:

Canaccord has a list of junior miners they say are low-priced, cash rich, seasonal buys. And they had the following to say about Mindoro:

Mindoro Resources (MIO : A)
52 Wk Hi/Lo: $1.34-0.20 Close: 0.20

Shares Issued: 13.3M; 24.4M f.d

Working Capital: $3.3M Per Share: $0.24
MIO could at last provide some excitement with drilling planned in the new year. The first target will be Kyaukkyi (30% interest) in Myanmar (formerly Burma), a high grade gold in float target. Secondly, MIO is looking at up to six properties in the Philippines. They should have drill targets by year-end.

Let's hope they're right.

Doug
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