To: ChrisW who wrote (1882 ) 5/13/1998 8:39:00 PM From: Stocks Respond to of 2635
Hi Chris, let me take a stab at your question. The market works like the African Wild Heards. They go together, up, down, sideways...There is presently a raging bull in the equities market, there are predictions that the DOW will reach 10,000 and some say higher, with low interest rates, low inflation (or at least the government says, but my cost are ever increasing), strong North American economies, people are investing in what has been good over the past couple of years. Remember most people are happy with 8-12% return annually, the equities have returned 20+% the last 3 years or since 1995. Add to this the fact Gold is down to it's 18 year lows, the metals sector is down in almost all areas, and most other small cap stocks are doing poorly or just staying at an even keel. People want to invest in where everyone else is, they say to themselves, this many people can't be wrong. So in essence welcome to the Contrarian Club by being in Gold's now. Until the heard turns back to the Gold Market, MIQ will not make a significant move....but with good results it should improve depending on the results. However, this is an exceptional time to have bought MIQ, it is low, the drilling is in it's infancy, the Kinross deal has just begun, Gold is low, etc...I'm sure you've read them before. Considering the potential of this project and some of it's unique characteristics is a wait and see approach. But the push for MIQ will be Gold rebounding and good results, then look out. I would put MIQ presently in the top 5% of junior mining companies with the best property potential to find a significant mine and get into production on a reasonable time. Good Luck Chris, we'll be in this boat together and I'm still adding shares. Brandon