Wheaton River Minerals (WRM Toronto) Message Board

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

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To: Michael Markham who wrote (102)	9/20/1997 12:46:00 PM
From: Steve Johnston	of 350

WRM needs to increase it's credibility with the investment community before we can expect any real share price increase. Too many promises have been broken over the past 4 years and, to be honest, the major brokerage firms have long since forgotten about this one. If their major exploration success for 1997 is the "Grizzly" I just sit back and laugh. First of all, this was the deposit that, early on, drove WRM over $3, two and a half year's ago. Then they said the deposit was too small to be economical and they wrote it off the books. Now they are saying it has potential again? Sounds like grasping at straws. Having said all of this, my wife and I still own 13,000 shares at $1.85 (ouch), and we are willing to be patient. At least now it appears that Wheaton has good cash flow, and will not need to go to a very bearish market for future financing. I agree with you, that any upward movement in gold is an upside, however, my gut doesn't see this happening forat least 6 month's.

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