MIRANDA GOLD $0.40 (Toronto symbol MAD; SI Rating: Start-up) (604-689-1659; www.mirandagold.com; Shares outstanding: 44.9 million; Market cap: $18.0 million) is a gold exploration company mainly focused on Nevada.
Miranda holds $12 million in cash. That’s enough for four to five years of exploration. The company also has joint ventures with Montezuma Mines, Piedmont Mining Company, White Bear Resources and Queensgate Resources. These partners pay for high-risk early drilling on Miranda’s properties. They get interests in these properties in return.
Miranda is a buy for highly aggressive investors.
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