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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Bucky Katt who wrote (10396)	4/22/1998 3:01:00 PM
From: Mike McFarland	Read Replies (2) \| Respond to of 116762

Still like MAENF? I think while I was playing with that penny, MINE, I found Miramar, either from you or somebody else on SI, it fit my bottom fishing style of investment and as I learned more about it I loaded up. It represents a quarter of my portfolio (happens to be one of four stocks I own) and I have it at a basis of 1.9. Anyway, when I looked at the numbers I think it was at book value, lots of cash, and the proven gold was only valued at $50/oz. So a question for you and the rest of the thread is this, there seem to be a lot of these gold stocks which are cheaply valued, but then on the other hand, they really don't become profitable unless we see gold up around $350. Does it seem okay to buy them because of the cash etc they have, that is, because they trade close to book, and then hope we someday get a rally in gold. Finally, with buba perhaps moving gold maybe there will be a shift in sentiment around the world, and perhaps places like China will move some of their dollar reserves into gold? I realize I should have posted this on the maenf thread, but since I also wanted to ask those questions I thot it would be okay here...