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Gold/Mining/Energy : Wheaton River Minerals (WRM Toronto)
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To: Michael Markham who wrote (122)12/18/1997 11:25:00 AM
From: Robert Swaita   of 350
 
Hi Michael,

I could not agree with you more! Considering that many gold companies have went bankrupt because of the pog recently, WRM is playing its cards right. I am very impressed with the strategy WRM has taken in effectively adjusting to this very volatile industry. And I could honestly say, if I had the money, I to would buy more WRM. In these last couple of years I feel that management has proven themselves competent considering all the stuff that has been thrown at them. This recent news release I found very encouraging because it demonstrated two very important factors that I look for before investing into a company:

1. Strong Balance Sheet, and more importantly cash in the till, and
2. Strong and competent management team.

Heres to a great 1998,
Merry Christmas and Happy New Year to all,
Robert Swaita
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