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

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To: Buckey who wrote (452)8/24/1999 7:14:00 PM
From: Little Joe  Read Replies (1) of 1321
 
More Drill Results Coming Soon and IGM Island Mountain Gold Doubles.

IGM is a Partner with Wayside but they don't have so many shares.

Also this is the latest commentary from SpeculativeStocks.com

"What about Wayside? wayside-gold.com They are still sitting in the
doldrums at CDN$0.09 today, half of our profile. We expect this to change within
the next two to three weeks as more results come out from the current round of
drilling.
They have been consistently intercepting ore in every hole and we expect some
sort of news to be released on this within this time. There is one thing that
is common among all the juniors. They have stopped spending and stopped
drilling. Well almost all of them Wayside has not stopped spending and not
stopped drilling. They are very active in pursuing their mine application permit
and proving up the property. As we have suggested before, when the Seniors start
looking for new reserves, they will be looking at those juniors with drill
inferred or drill proven resources. Because they have decreased their own
exploration spending to a pittance it will be these juniors that are still
proving up that will be the beneficiaries.
Wayside has indictaed a resource of over 1 million ounces on the Cariboo open
pit prospect and they are drilling the BC vein to prove up another 600,00
possible ounces. This makes for a tempting takeover target. Kinross hold
approximately 5% of Wayside and we know Homestake has been sniffing around. We
also hear there is another major taking a look. Now Wayside has consolidated all
the surrounding property, we expect this company to become a big winner. We
realize it has been a year since we profiled it, but sometimes good things take
time to develop and at CDN$0.09, represents a bargain." Aug 18,1999

Little Joe
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