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Gold/Mining/Energy : Wheaton River Minerals (WRM Toronto)

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To: joe sax who wrote (32)3/25/1997 1:54:00 AM
From: Ray Osborne   of 350
 
Joe I am a follower of the mining industry in the Yukon and have been watching all of the companies in valved in this transaction.

I cannot see wear this deal is any good for WRM,YGC

BYG is having its own problems both in production and finance. It may not be able to stay in opperation unless it removes the grinding equipment from the Ketza mill and sets it up at its Mt Nansen site , This would not be the first time for BYG, it pulled the same trick with Rendell.

If this happens the Ketza deposits may never be developed.

The Finlayson Lake property was sold off way to cheaply

I can not see any near term up side to this for WRM

If your still into the play may be look at NAM or BYG for the up side.

Laterrrr
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