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Gold/Mining/Energy : MIRANDOR-MIQ ON MONTREAL -- Ignore unavailable to you. Want to Upgrade?

To: Sailfish who wrote (2092)	8/6/1998 4:53:00 PM
From: saul mikaliukas	Read Replies (2) \| Respond to of 2635

Ray Let's Keep The Main Perspective in View...... I do agree with your statement "Unless Kinross drilled the "weakest" targets first" Why I agree with you here is after re-reading all the MIQ press releases again on their web page it certainly is obvious that the Elliot High Ranch target is the open pit, low ounce/ton prospect. I am wondering why Kinross and MIQ decided to start with this target and say not the Bunker Hill or POD targets..The only rationale I come up with is the following.... The Canadian Exploration Stock markets are in a historical depression state ( as well as the World Gold Bullion Markets) and if we started with the excellent targets first and announced the results, it would be totally discarded by the market place as a NON-EVENT. Secondly, the number of MIQ stock that is floating around is insignificant as far as the daily market volume shows. In order for MIQ insiders and people in the know to pick up cheap stock at depressed price levels the best time to do that is now.( Someone at Cannacord has been buying over the last month) Since, the Gold Bullion markets are attempting to put in a 18 year bottom at these price levels and Kinross knowing that, has just today announced a stock buy back and debt reduction program using all that money they made by covering their Gold hedges just recently. In summary again....MIQ and Kinross decided to get the least potential target drilled first, because the market at this stage doesn't give a hoot anyway and leave the better targets for later when the market will wake up to the real potential that the Railroad Property really has and that will be when the World's Gold Bullion markets start taking off in earnest and the Equity markets start going south for a cyclical bear market move. I would suggest to everyone to read the press releases again on Mirandor's Web Page and take special notice on previous drilling results.. Here's the URL............................................. mirandor.com Best regards to Alll !!!!!!!