Int'l Wayside Gold Mines Ltd (IWA-VSE) Message Board

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Gold/Mining/Energy : Int'l Wayside Gold Mines Ltd (IWA-VSE)

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To: Dan P who wrote (601)	3/27/2000 12:03:00 PM
From: Claude Cormier	Read Replies (1) of 1321

Hello, The resources are not yet proven and are somewhere between 600,000 ounces and 1.2 millions ounces. It is too early to say if they will be economic to mine as the company doesn't yet know if bio/leach or conventional milling will have to be used. The project is interesting ... no doubt about that. Is the stock undervalued or overvalued now? That is always a tough question to answer. I like to compare it to other situations...like FGX, BAY, CBD and others. Just take the numbers: market caps vs assets... And you will find your answer. Momentum is one thing, value is something else. Claude. P.S. Momentum players are making a lot more money than value players these days... but that will change

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