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 (499)	11/16/1999 2:15:00 PM
From: Little Joe	Read Replies (1) of 1321

An Interesting perspective on IWA. This was sent to me by a fellow poster. "Frank is in London (and other parts of Europe) doing some financing. I guess a 3000 tonne per day mill will require $40 million capital. At 0.1 oz per tonne, the mill will produce 300 oz per day. Let's say 333 days' (11 months') production. We then have 100,000 oz per year. At today's gold price of $450 Cdn ($300 US), we have $45 million cashflow per year. Assume worst case scenario of 45 million shares (double what we have now) and we're looking at cashflow of $1.00 per share. Market price of share is usually a double digit of cash flow. The mine will last for 15 years (min of 1.5 million oz). If more gold proven, or POG increases, then it's just a bigger party. The only unknown at this time, is the exact time this will happen -- but it will happen. Have you noticed that certain houses buy from 17-20 then let it cool off for a couple of days, then do it all over again. There's a smart buyer out there -- with a purpose." Interesting assessment Joe

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