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Gold/Mining/Energy : waterfront capital- wcc (ase)
WCC 285.37+3.3%3:59 PM EST

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To: rock who wrote ()5/9/1997 1:02:00 AM
From: rock   of 25
 
TO VERITAUS,
Yes, I still like WCC and I am still hanging on to the shares I bought. Its not as spectacular as BXM but you can sleep good at night knowing that it would be around for a long time. It is a boring stock to own as there is not too much trading. I known the management is trying to rectify the problem. The price is trading in tandem with CYR. If CYR is doing good, it will do good too. However it has other
iron in the fire,Like Clearly Canadian, Yanks Peak, Consold. Venturex,
Liberty Bell Gold Mine( soon to be listed).If anyone of this is doing well, it will also reflect on WCC. Merchant banker stocks usually trade at a discount to its real book value. WCC probably worth more than what it is trading to-day. If the Voisey Bay drilling programme
is successful this summer- CYR, WCC will be a big benefector.
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