Miranda Gold Corp. is a gold exploration company active in Nevada and whose emphasis is on generating gold exploration projects within the Battle Mountain-Eureka and Cortez Trends. Miranda performs its own grass roots exploration and then employs a joint venture business model on its projects in order to maximize exposure to discovery while minimizing exploration risk. Miranda has ongoing partnerships with Newcrest Resources Inc., Barrick Gold Exploration Inc., the Cortez Joint Venture, the Buckhorn Joint Venture, Romarco Minerals Inc., White Bear Resources Inc. and Piedmont Mining Company Inc.

Listen to Ken Cunningham, President and CEO, interviewed on Steve Crowley's American Scene Radio -

Watch now, Paul van Eeden/Ken Cunningham update on Miranda.

"TGR: Are there any other juniors that are positioning themselves similarly?

JK: You asked earlier what strategies companies can use to create shareholder value and I neglected to mention the one that is not very popular in the market right now and that is old fashioned exploration aimed at making a major new discovery. I have a certain fondness for these companies because that's where you can get the 5,000% to 10,000% type gains from a company that's raising risk capital, putting geological creativity and ingenuity to work, establishing targets, drilling them, and coming up with, say, a 5, 10, 20 million ounce deposit. And one of the companies that's on my list is Miranda Gold Corp. (TSX.V:MAD).

They have focused on Nevada and they've got their in-house team of people who are out there doing grunt work on the geological side to identify potential properties where buried gold deposits may exist based on their interpretation of fault structures and their intersection and their relative location to known deposits like Cortez Hills and so on. They also have a policy of making their nickel last a long time because they do the early stage work, they dress up the target, and then they farm it out to other companies which may be more promotionally minded. A company like Miranda—we call them a prospect generator type of company—keeps generating prospects, and they farm them out to others to spend the higher risk capital. The tradeoff is they don't control the project while it's under option to the other company and they end up with a lower net interest, but they keep repeating the cycle over and over again.

The market's not very interested in this, but if we do get a significant move in the price of gold, the number of ounces-in-the-ground type projects is quite limited. Those will all go up substantially and then the market will wander down the food chain and start throwing money at those companies which can generate drill targets. Even if gold doesn't go up, they may make a discovery tomorrow where suddenly this company goes up and delivers huge gains to the speculator.

Miranda Gold has about six to ten projects that they've got in their portfolio. Half of them are farmed out. Some of them have recently been dropped by companies that cannot raise the money. But each one of them right now, depending on whether they net 50% or 40%, is carrying a valuation of, say, $18 to $40 million. The failure of one does not make the stock go down. It's a statistics game. A company can toil doing this forever and never come up with anything. But then it could finally get lucky and one of its farmed out projects could deliver that huge hole, and then it doesn't matter if you have a 40% or 30% net interest. Your $40 million valuation will go to $4 billion, which would be a 100 times price increase." Read full article
    -   The Gold Report Interview with John Kaiser (05/29/09)

"In the gold sector, we've recommend Miranda Gold Corp. (MAD:TSX-V) , San Gold Corporation (TSX.V:SGR) and Bravo Venture Group Inc. (TSX.V:BVG) . We also like Clifton Star Resources Inc. (TSX.V:CFO), and Canplats Resources Corp. (TSX.V:CPQ) in Mexico. Those are some of our preferred juniors. Our top seniors other than Hecla would be Agnico-Eagle Mines (TSX:AEM) and the other, of course, would be Goldcorp Inc. (NYSE:GG, TSX:G) , which is the Cadillac. Those would be our top three selections for the big boys." Read Full Article
    -   The Gold Report Interview with Roger Wiegand (05/19/09)

"I spent several days in the field in Nevada with the Miranda team. They are among the finest geologists I've met. They don't spend a lot of money keeping the lights on and they have just under $12 million in the bank. More importantly, CEO Ken Cunningham put together an experienced staff.

I traveled to Nevada because of the frequency of giant gold deposits all around Miranda's properties. This is a tiny company looking for elephants in elephant country. While I was there, the geologists showed me a conceptual model of a potential deposit on one of their projects. They showed me gravity surveys, a drill core, and assay results to support their hypothesis. They have the right people in the right area. One successful drill hole will make shareholders 10 times their money, practically overnight."
    -   The Gold Report Interview with Matt Badiali (04/21/09)

"As to the intellectually astute I tend to go with the companies and people that also recognize the extremely long odds of success in this casino. For the most part these are companies that offset the high-cost, high-risk drilling and development stage of an exploration program to a better-funded partner. These 'prospect generator' companies offer the long-term sustainability and survival a typical 'all or nothing' explorer lacks. I recently commented in detail on a group of these in Exploration Insights. Some examples include Miranda Gold (MAD.TSX-V) active in Nevada, Rimfire Minerals (RFM.TSX-V) exploring in Western Canada and Australia and Mirasol Resources (MRZ.TSX-V) in Argentina and Chile. Each has the best technical team in their little piece of the world and a management focused on creating real shareholder value in this very risky business." Read full article
    -   The Gold Report/Exploration Insights (04/14/09)

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