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Gold/Mining/Energy : Precious and Base Metal Investing

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To: dblclk who wrote (4423)6/28/2002 8:57:25 AM
From: Frank Pembleton  Read Replies (3) of 39344
 
dblclk... I guess I'm chasing the ball, as opposed to playing it. -- The stock I'm referring to has been talked about lots by everyone on this thread .... I really should pay attention, at least a little bit anyway. :)

Wheaton River Minerals

Peter Snowdon summarises:
Message 17417092

WRM just recently bought the second biggest gold/silver miner in Mexico - Minas Luisman mine -- the knock against it is that it only has 5 years reserves - but there's great exploration potential in these properties - there's also an estimated inferred resources of 150mos and 1.5mog - that can be moved up into the proven category - which we will see here shortly as they aggressively explore this summer.

-- Also note that one of the companies director is Pierre Lassonde (President of Newmont) - which would lead me to assume that we'll see WRM priced along side the other mid-tier producers here in Canada.

FWIW -- I don't have position yet... but I do watch this stock trade daily - and will accumulate when I find I have an appropriate cash position.

Chart:
finance.yahoo.com

Regards,
Frank P.
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