Waseco Resources Inc. Message Board

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Gold/Mining/Energy : Waseco Resources Inc.

WSCO 1.300

0.0%

Dec 24 4:00 PM EST

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To: DRT who wrote (28)	1/13/1998 6:05:00 PM
From: Dave Tan	Read Replies (1) of 60

I just picked up a couple of WSCO shares today at $0.20. Hopefully the gold rally will continue and we will hear some good news about govt approval soon. From what I read on Diadem's webpage, we are looking at mid 1998 before we see any gold. But I think this is an excellent opportunity to buy into gold and junior mining prospects. Tewah is excellent in terms of size and cost. At $0.20 per WSCO share and a 60% interest, the market is placing a valuation of $2 per ounce of gold. At such low cash costs, proper valuation should be $50-80 per ounce => $5 price for Waseco. Question now is where is the dredge and how much is it going to cost.

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