MIRAMAR MINING (MNG) Message Board

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Gold/Mining/Energy : MIRAMAR MINING (MNG)

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To: aknahow who wrote (203)	12/31/1997 1:57:00 AM
From: Bear	Read Replies (1) of 457

Thank you for the correction. I'm relieved that things aren't quite as bad as I had thought. My statement was based on my misreading the latest quarterly report. On closer inspection, I see that under "Consolidated Statements of Changes in Financial Conditon" a "Write-down on mineral properties" with a value of $16,796,000 is listed as part of the calculation for "Net change in non-cash working capital". However, this amount is listed as a credit, which I don't understand; perhaps you can explain this to me. Also, could you explain what "non-controlling interest" means in Miramar's financial statements. Hope I'm not being too much of a bother. Thanks very much. Bear

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