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Gold/Mining/Energy : Western Copper Holdings Ltd. T.WTC
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To: rdww who wrote (235)3/15/1998 8:56:00 AM
From: dave brown  Read Replies (1) of 401
 
As a former shareholder I think this is a great project, but lets face it the market has already accounted for a deposit 500m by 500m. If you look at the borehole plan, some of these holes are within the 500m area and the grades and widths are beginning to drop off. Furthermore, the last assays didn't expand the open pit potential of the upper zone concluding underground mining methods will be used. On a flat laying deposit as we have here, U/G methods are very expensive.

IMHO, with a $130 million + market capitalization, this stock is fully valued given the information available today.
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