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Miranda Gold: Strong Treasury and Major Shareholder Support

  • Broadcast in Business



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Mira Miranda Gold (MRDDF or MAD.V) who has one of the top exploration teams that has been involved with over 10 Nevada discoveries totaling more than 60 million ounces of gold.  The team is cashed up with over $8 million in the treasury.  Miranda recently financed back in December of 2012, $5 million in tough markets.  While others juniors are desperately seeking capital, Miranda's financing was oversubscribed by 67%.  This capital came from some of the smartest minds in the business including Sprott Global, Adrian Day and Raymond James.   Miranda is in the right place in Nevada and Colombia.  In Nevada, they are in the highly profitable Cortez and Carlin Trend, which is rewarding the majors like Barrick and Newmont with low cash cost production.  The majors are looking to cut costs abroad and focus on Nevada, especially the Cortez Trend where Miranda has already made a significant discovery at their Red Hill Project.  On the other hand, Colombia is exciting for Miranda's seasoned exploration geologists as it is one of the least explored South American countries, but has some massive discoveries.  Over 96 million ounces of gold have been found in Colombia over the past 10 years.  Miranda has an agreement with one of the best majors Agnico Eagle Mines that will help fund Miranda generate projects for the alliance.  What is fascinating about the deal is that it is in essence a $2.3 million dollar non-dilutive financing.
Disclosure: Author and Interviewer owns Miranda shares and the company is a sponsor on Gold Stock Trades