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

To: Enigma who wrote (729)	4/12/2000 8:28:00 AM
From: Dan P	Read Replies (1) \| Respond to of 1321

D.: I think that this is a buying opportunity, and we may see continued volatility, until the next round of results and/or announcements. Frankly, I would rather rely on the analysis of Speculative Stocks, who have been on this stock since last fall, and have followed it very closely, than rely on someone's opinion who just discovered this company last week, because of its prominent market action, and who is now an expert on the stock. Speculative Stocks comments on the valuation of this stock: "We have heard questions as to the market value of the shares equating to 2 million ounces plus resource/reserve and some have commented the stock is overpriced at this valuation. We cannot comment on that other than to say that a mine application has been made for a million plus ounce deposit that satisfies half of the valuation and there is sufficient evidence to indicate the BC vein carries another 400,000 oz and the adjoining Island Mountain property has another 300-400,000oz so based on these quantities alone we are getting near full valuation. " After speaking to management, in person, and looking at the information they presented, I became convinced that well below $1, this was a great buy, and way undervalued. At $2, I believe it is fairly priced, and a great buy below that level. Naturally, what has propelled this stock is the new discovery, which never entered into the picture when I bought in. As the drilling continues, and assuming we continue to find high grade intercepts, I believe that the stock will go much higher, especially if one or more majors decides that they must acquire the property. By the way, Wayside will be in Chicago this weekend for a gold show which I will attend. They will bring a core sample, and it should be quite interesting to hear their presentation. Regards Dan