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Gold/Mining/Energy : Western Copper Holdings - WTC.T
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To: Little Joe who wrote (475)8/17/2002 5:08:36 PM
From: div5226  Read Replies (3) of 754
 
Perhaps you are correct about the price of silver near term, but the action of WTC is not
altogether correlated with the silver price. Of course, a rising silver price will affect all primarily
silver producers, but WTC's rise from 60 cents was only marginally correlated with the upward move
in silver. It's percentage gain was larger than any other primary silver stock. Why? Simple, because its fundamentals are more attractive than most other similar companies, including PAAS and APEX
(factor in the country risk i.e. Bolivia etc. vs Mexico).

Not terribly significant, but how come WTC bounced off the $4.35 level to close at $4.65 on slightly
increased volume while all the other silver stock were down for the day?

I am not too concerned about the price of silver affecting WTC. If silver drops to $4.00 WTC will back off
but not as much as the other silver stocks and I will continue buying on a scale down. I view this as a
long term situation and I generally don't trade in and out.

Best regards DIV
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