Wheaton River Minerals (WRM Toronto) Message Board

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

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To: Brad Rylott who wrote (81)	7/11/1997 4:51:00 PM
From: Robert Swaita	of 350

Hi Brad: I am not quit sure why the stock is in the tank... in fact I am not quit sure why some other stocks I own are i the tank as well. Even though WRM has sold forward most of there gold at higher than market price, this does not mean that we are in a good position for 2 reasons: 1) If the price of gold continues to fall (which i do not think it will fall much more) WRM will get less for any other gold they produce; which means the value of the company is worth less. 2) If investors feel that the price of gold will begins to clime and it surpass what WRM sold its gold for then again WRM will not be worth as much as it should be. But at the end your guess is as good as mine. The way I look at it is that WRM is now a producer and its closely related to the broader market. So if the broader market goes up then so does WRM and vice versa. So until we see a change in the broader market or at least the price of gold we must take what we get. However, when the first gold pour starts we may see some increase in the price of WRM. Good luck, Robert

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