Western Copper Holdings - WTC.T Message Board

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Gold/Mining/Energy : Western Copper Holdings - WTC.T

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To: Little Joe who wrote (481)	8/18/2002 4:50:08 PM
From: div5226	Read Replies (2) of 754

I guess the market will soon tell which of us is correct. If Butler's thesis holds then silver should recover, soon approaching $5 even if later it is shorted again. If you are right then the trend is down from here. Another point: You repeatedly affirm there is no way of accounting for costs and therefore its not possible to assess valuation of the deposit. Until a feasibilty stuidy is completed this will remain an unknown. I refer you to the Proteus Capital report on the web site written by Douglas Newby, a highly repected mining analyst. "We estimate that at current metals prices (silver was at $3.47 when he wrote) the Chile Colorado resource base defined by the first nineteen drillholes could generate pre-tax cash flow, after payback of developmental costs, in excess of US$200 million over the life of the project" Newby is no fool and would not stick his neck out and risk his great reputation if he was not sure of this. Also, he refers to the Chile Colorado. Now we have indications that the Azul breccia may connect with the Chile and be larger. Feasibility studies are for the banks to lend development money. Long before a feasibility study is done there will be accurate knowledge of the relvevant data to determine value. You also imply that there may be company events which are unknown to we sheepies which are negative for the stock. Seems to me, that while you may certainly be a very cautious guy which is ok, you may have some interest in seeing WTC at lower levels to buy back in at a better price. In other words, may I suspect you of being an intelligent and subtle basher? If not, please forgive me. One additional point to all. This company is not a CD or Treasury Bill. If you can't take the risk get out. But if you have scintilla of speculative fever in your blood this is a situation which, on a modest investment, could significantly improve your retirement chances if you hold on for 2 or so years. Short term moves are meaningless. For me they are accumulation opportunities. My best to all

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