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Gold/Mining/Energy : Int'l Wayside Gold Mines Ltd (IWA-VSE)
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To: Claude Cormier who wrote (1255)6/29/2000 6:22:00 AM
From: Dan P  Read Replies (1) of 1321
 
Claude:

I have been following this stock for 2+ years. How long
have you? Information regarding the new discovery zone
and the drill results subsequently is what has propelled
the stock. Ask anyone who has followed the company for
some time. I agree that the production decision is
what originally got the stock going, however.

There are examples of stocks, like Pacific Rim, which
sells at C$5 or so, never having drilled a single hole.
I think that the point Au Contraire makes is valid:
market caps don't mean much during the developmental phase
of projects like this. They temporarily become overvalued
and then readjust. Of course, if they do have a monster
and one or more major wants it, all bets are out the window.
Let's wait for the drill results, which, I would surmise,
should be out soon.

Dan
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