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Gold/Mining/Energy : Int'l Wayside Gold Mines Ltd (IWA-VSE) -- Ignore unavailable to you. Want to Upgrade?

To: Hank who wrote (552)	2/12/2000 8:09:00 AM
From: Dan P	Read Replies (1) \| Respond to of 1321

Hank: I guess you are looking at it from a different perspective. If my average price was over $1, I'd be looking to at least get whole again. However, I have been more fortunate in starting my purchases last year, and have bought at very low prices. Permitting is certainly not a sure thing, but Frank and his team have worked very hard to dot their i's and cross their t's in this regard. True the project will cost money, but relatively reasonable amounts, which is not expected to result in any share dilution. Finally, I would doubt that a major mining team would join the company with an aim to get into production, if it was "just a bunch of holes". I am not a geologist, but after reviewing the maps and discussing it with management, I believe that they have a multi-million ounce deposit, with at least one very rich zone, the BC vein. You ought to be partially pleased with the nice bounce, as your loss is being diminished. I fully expect that if you hang on, you will not only be made whole, but will make money on this deal. Regards Dan