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

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To: gmweber who wrote (51)4/27/1997 6:44:00 PM
From: Steve Johnston   of 350
 
News that the environmental assessment will not be completed until Mid May is potentially very bad news, as WRM are only allowed to run the heap leach pads during the summer months, due to traditional heavy fall rains. By the time this assessment is completed, they may not have enough time to get the leaching process done before the fall, which would mean one more summer of broken promises to WRM shareholders. If they do not get into production, due to this native issue, look for the share to "tank" all the way down to 35-40 cents this December. It seems that Management of WRM is either incompetent, cursed, or both. In the meantime, I have lost so much money on this one that I will ride it down to zero, rather than sell. Regards.
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