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Gold/Mining/Energy : MIRAMAR MINING (MNG) -- Ignore unavailable to you. Want to Upgrade?

To: Bear who wrote (145)11/13/1997 8:01:00 PM
From: PaulMRespond to of 457
 
Thanks. Give it six to seven months or so. That's how long I suspect it will take for "flight to safety money" to move out of stocks, into bonds and lastly into Gold.

In the meanwhile, next month should bring the juniors lots of tax selling, slower mining operations because of the cold and may represent a buying opportunity at the bottom.

Good Investing.



To: Bear who wrote (145)11/17/1997 7:40:00 PM
From: PaulMRead Replies (1) | Respond to of 457
 
At some point, it's worth buying this one no matter what gold wants to do over the next year.

$2 U.S. in the Bank, trading at $2 3/8 means that you get 1) 54% of NNO stock, 2) the Con Mine, 3) Miramar's other tangible assets and 4)it's future prospects for 3/8.

I think this one's already significantly below liquidation value.


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