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Gold/Mining/Energy : Wheaton River Minerals (WRM Toronto)
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To: Ronald W.Millar who wrote (169)10/28/1998 9:07:00 PM
From: Robert Dydo  Read Replies (1) of 350
 
I think that WRM is looking very hard into acquisition. This is a very good market if you have money to spend and know what you looking for.

I wish deeply inside for something spectacular myself but if they can bring a project which can be in short time a producer that would be a great point.

In my opinion, there is no other way for them. They must build a company by investing in solid plays, especially all year around projects, lack of which is the reason for them to be very weak market
performers. Expanding from Golden Bear through Bellavista and adding to the portfolio. Seasonal character of Golden Bear and only "action" for WRM doesn't excite too many. Time will change that when yearly production will grow with cold calculated expansion.

I was told that WRM looked at 59 projects and made bid on two so far.
I hope they will find the "right" one soon enough.
Robert

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