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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Elizabeth Andrews who wrote (21327)9/27/2003 8:06:07 PM
From: Tommaso  Read Replies (1) of 39344
 
Thank you.

The evaluation is still qualitative rather than quantitative but is certainly worth considering.

Companies in other areas, however, have prospered by acquiring assets during a period of rapid appreciation of an entire industry, even if they are not themselves very sound or engaged in fundamental development.

Prior to our exchange of messages on Wheaton I had sold out my wife's entire holding, which had doubled in value in about six months or less. I also sold about 40% of my Wheaton warrants, recovering much of the money I had put into them.

I think I will hold my remaining Wheaton interests mostly on the "greater fool" way of investing. If gold continues up, people will grab at anything that smacks of gold. WHT is a small part of my investment program.
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