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Gold/Mining/Energy : MIRANDA--MAD ON VSE -- Ignore unavailable to you. Want to Upgrade?

To: Pierre J. LeBel who wrote (310)	3/9/1998 1:33:00 PM
From: Bill Jackson	Respond to of 462

It's in the pot. Bill

To: Pierre J. LeBel who wrote (310)	3/10/1998 1:16:00 PM
From: Bill Jackson	Read Replies (1) \| Respond to of 462

Piere; There is around $900,000 cash on hand and office expenses use around $25,000 per month. Exploration is more and varies with the project, however they usually try to JV this and the up front payment traditionally covers exploration to date. The insiders bought as much 20 stock as they could while it was down there. Apparently a European fund divested and they went from 33% down to 8% and are content to sit there for now. We all had the chance to buy that 20 cents stock in the market. I think they bought the blobk because the Euros might have kept selling to 5 cents as they wanted to close their position down the the present position no matter what. The Sonora property has a number of prospective zones and might attract a JV major quite soon. Bill