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Gold/Mining/Energy : Wheaton River Minerals (WRM Toronto) -- Ignore unavailable to you. Want to Upgrade?

To: mr. ed who wrote (208)10/7/1999 6:01:00 PM
From: Steve Johnston  Respond to of 350
 
The problem is that if gold hits $375 per ounce, and stabilizes, Wheaton won't be the only company looking at bringing marginal properties, and deposits, into production. The result will be a flood of new supply hitting the market. Unless there is a corresponding increase in demand (unlikely) then the POG must drop. Simple supply and demand economics really. Regards.



To: mr. ed who wrote (208)10/7/1999 9:09:00 PM
From: wampum  Read Replies (2) | Respond to of 350
 
Seventy five million dollars was spent on Kit before wheaton picked it up. It is the largest known gold deposit in North America. Puts the forty million shares in perspective.


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