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

To: Sailfish who wrote (2104)	8/7/1998 11:49:00 AM
From: Bob Tate	Read Replies (1) \| Respond to of 2635

Hi Ray Yes , They may be a new mineralization zones or continuity of 1997 discovery. Make your choice. Sincerely Bob

To: Sailfish who wrote (2104)	8/7/1998 12:19:00 PM
From: Grant Baker	Read Replies (1) \| Respond to of 2635

Hi Ray. Did you notice Kinross and MIQ appear to have different opinions about what is considered significant news - both companies had news releases yesterday, but only one was talking about some marginally economic results in a few holes scattered over who knows which sections of the Bunker Hill prospect. The other one has recently closed out their hedge program and now has so much cash available that they are buying back 5% of their outstanding stock, as well as 5% of their debt. I wonder which company is the professionally managed one? The lack of real hard data associated with this drilling program is a joke. And notice the heavy repetition of recycled information. Anyone who has followed this play for a while is no doubt tired of hearing the same old song and dance from Spiros. At some point Spiros will have to quit talking about the potential of the Railroad property and the Carlin Trend - he will have to show investors the real goods (ie. consistent drill results, including locations, spacing, direction, etc.). After almost 2 years I am beginning to lose my patience with the "story" - repeating old drill results just doesn't excite me any more. Regarding Spiros as President of SYN - I think that this is significant news. Sounds to me like Spiros is starting to play the game like so many slick Vancouver promoters - emphasis on the words "slick" and "promoter". I first heard about this tech stock over a year ago, when it was called Jot-it and it was initially being heavily promoted - I don't recall it ever living up to expectations. If Spiros is beginning to split his time between SYN and MIQ, I have to wonder if MIQ is anything more than another promotion play, destined to make a few insiders lots of money but leaving many later investors hold the bag on a nice "story". Running any company is a full time job. Splitting your time between several companies means you are no longer paying attention to all the details. MIQ is not so big and successful yet that they can afford a part-time president. With Kinross handling the drilling on the Railroad prospect now, Spiros should be out looking for other prospects, etc. That is how you grow a company, and provide shareholders with increased value. You certainly don't sit back and wait for someone else to do your work for you, or begin looking for other work in a completely different industry. Something does not smell right here, and MIQ's Board of Directors should take a hard look at Spiros' contract to see that shareholders are getting value for money in this situation. For those who think that the Kinross deal is a "guarantee" of success, remember that Kinross is also involved with several other juniors in a variety of plays in Nevada. It is called hedging their bet. With such a large exploration budget available to them, Kinross can afford to take a look at almost any property that has potential. At $5-7 million per play, so long as one of them turns out to have the goods Kinross can easily afford to walk away from any of these other prospects if they don't pan out. That is how the game is played. We all hope that it is MIQ that has the goods, but there is no guarantee that one of Kinross' other JV partners doesn't have a better prospect. To all the "believers" out there, sorry for being so negative but the lack of real progress in increasing the value of this stock is starting to become apparent to me. The low price of gold is only one of the reasons this stock is not performing up to expectations. Regards. Grant.