Pick of the Mineral Exploration Stocks – Exploration buys for Aggressive Investors

Article Excerpt

MIRANDA GOLD $0.93 (Toronto symbol MAD; SI Rating: Start up) (604-689-1659; www.mirandagold.com; Shares outstanding: 44.8 million; Market cap: $41.7 million) is a gold exploration company focused in Nevada. Miranda has concentrated its exploration efforts on the Cortez Trend and Battle Mountain-Eureka Trend regions in Nevada, where it now has 15 properties in various stages of exploration. The regions are two of the most productive gold belts in the world. Miranda has a number of joint venture partners funding exploration in return for interests in the company’s properties. These partners include Barrick Gold, Newcrest Resources, the Cortez Joint Venture, the Buckhorn Joint Venture, Romarco Minerals and White Bear Resources. Joint ventures are crucial for junior exploration companies. These arrangements give juniors a way to raise funds for further exploration on properties where they have made initial mineral discoveries. The juniors retain an interest in the properties without resorting to dilutive share issues or taking on debt. Miranda recently appointed a member of the Lundin…