Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: PaulM who wrote (234)	5/29/1998 12:08:00 AM
From: Mike McFarland	Read Replies (1) \| Respond to of 457

Here are the various links just the numbers: biz.yahoo.com the text release: biz.yahoo.com and Northern Orion: biz.yahoo.com I received my annual report a few days ago, did not see anything that would make me want to sell the stock, although I admit to lightening up the other day when gold dropped $4, down to just 3k shares now from 6k. I'd buy it all back and more if I saw any hope for the metal.

To: PaulM who wrote (234)	5/29/1998 2:35:00 AM
From: Bear	Read Replies (1) \| Respond to of 457

Miramar will lose money as long as the Con Mine is shut down, so the .12 annualized earnings projection is premature. Also, the leaching problem in Northern Orion's current Cuba gold operation doesn't help. In addition, even if they did reach .12 earnings in a year, this wouldn't be sustainable because their hedges would be used up soon thereafter. At that point in time, unless gold has gone up significantly, the Con Mine will have to be shut down and Miramar will have to take a big writedown and spend money on the shutdown. Also, it is doubtful that Agua Rica can be profitable at $.75 copper and $292 gold. So Miramar's future is heavily dependent on higher metal prices. Bear