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Gold/Mining/Energy : Westmin Resources(T.WMI)
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To: Peter Johnson who wrote (8)1/20/1997 6:46:00 PM
From: steve gilchrist   of 63
 
I agree. The market didn't like the price they paid for Gibraltar, but there's no question it was realistic. They have a terrific resource and the copper price is stronger than most investors imagined it would be by now - they seemed to imagine that there were secret hoardings of copper somewhere stockpiled by Hanamaka and maybe Holland...all myths and legends, smoke and mirrors, apparently. As they catch on, the share price of Westmin, continues to firm up to previous levels and should soon bust through last year's highs with strength. It's a slow, conservative, steady long-term investment with way above average likely return.
Don't forget their zinc property with rising world zinc prices, and superb Wolverine deposit shared with Atna Resources in the Northwest Territories.
Current shares outstanding in their last annual was 56 million, maybe 60 million by now, fully diluted.
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