MIRANDA GOLD $0.23 (Toronto symbol MAD; SI Rating: Start up) (604-689-1659; www.mirandagold.com; Shares outstanding: 44.9 million; Market cap: $10.1 million) is a gold exploration company focused mostly in Nevada.
Miranda holds $12 million in cash. That’s enough for four to five years of exploration. The company also has joint ventures with Barrick Gold, Teck Corp, Piedmont Mining, White Bear Resources and Queensgate Resources. These partners pay for high-risk early drilling to earn interests in Miranda’s properties.
Miranda is a buy for highly aggressive investors.
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