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Gold/Mining/Energy : Wheaton River Minerals (WRM Toronto)
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To: Robert Swaita who wrote (74)6/1/1997 9:22:00 AM
From: Steve Johnston   of 350
 
Tho only recent news was a flow through financing which involved the issuing of yet another 1,100,000 shares to cover drilling expenses at the Golden Bear. I suspect that this is to expand the exploration work at the new Limestone Ridge area, where WRM pulled one encouraging hole late last year. Aside from this we are all hopeful that WRM will pour their first 15-20,000 ounces this summer so that further exploration can come from internal cash flow, rather than continual (cheap) private placements, which further dilute shareholder value. Regards.
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