Just some cutting and pasting from the www.weda bay forum:
I didn't read any copyrights :)
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Scotty, I beleive that the price of this stock is well below market value. Did comparisons to diamond fields
voisey find.
diaflds= 160,000,000 ton reserves
1.85% Ni
.99% Cu
.1%Cobalt
Weda= 92,100,000-150,000,000 ton reserves
1.51% Ni
0.1% cobalt
With this comparrason your $50.00/share is on the conservative side.
I understand that this property is in Indo, but who cares with a property like this. Inco operates in Indo even
under their situation.
What I don't understand is how a stock like donner resources trades at the same price as weda, and only
has one good hole reported.
The other thing I don't understand is why this company is not promoting this property. One more thing,
Noranda did not free up
$2,000,000,000.00 liquid cash for nothing! Voisey sold for 4.3 billion
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From: Doug Fosbrooke
Friday, March 13, 1998, 2:30:18 AM
Subject: Canaccord Research suggests $6.00 target for WDA.
Message 6
Graeme Currie of Canaccord Capital has just published a Research Report which compares Weda Bay to
some of the other Lateritic Nickel/Cobalt projects in the South Pacific. The report suggests a $6.00 target
for the stock within the next 9-12 months. Contact Canaccord Capital Corp. to obtain a copy.
Due to regulatory restrictions, Canaccord Research may not be distributed in the United States.
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