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

To: Roman de Guzman who wrote (742)	4/12/2000 12:20:00 PM
From: Gil Kempenich	Respond to of 1321

OK, I want to believe what you are saying, but it is nevertheless disconcerting that we're down another 33 cents on over 700k volume. Meaning...

To: Roman de Guzman who wrote (742)	4/12/2000 1:40:00 PM
From: Claude Cormier	Respond to of 1321

<<How can anyone say that the reserve is uneconomical without having visited the property? >> I think they were talking the already measuread and indicated old reserves, not the new discovery. <<Apparently, Canaccord analyst visited the property yesterday and commented that the assay was "spectacular".>> I agree... anything above 1 opt over 45 feet is spectacular. But you must understand that this doesn't give necessarily 1, 2 or 5 millions ounces. <<Geologists and senior management of Homestake...I mean geologists, not just newsletter writer are not not going to camp out in Cariboo for 3 days if they do not think that IWA is worth more than the current price.>> No need to be condescendant here. For your info, my partner is a geologist. IWA may be worth more than $1.75 if they continue to expand this high grade resource. That is why HM is interested, because of the potential. But until they drill further and get the results, nobody can be sure, not even HM geologists. Value is what is already proven. Potential is what must still be proven.

To: Roman de Guzman who wrote (742)	4/12/2000 9:06:00 PM
From: rdww	Respond to of 1321

You don't have to go to a site to tell that it economic - heck remember the guys that did microscope work of BXM rock and said it was a dud casue it wasn't from the site. There was even a statistician who said that something was wrong just by looking at numbers for ABX. There are a few exciting holes, but if you can't make a whole bunch of holes fit into a feas report - then they are just holes. CC is likely doing a back of envolope # for now - maybe as more #'s come out - he'll recant and say okay. But - geez - don't make a mine outta of a few holes - yet:). Only Arequipa can do that. I am not suggesting for a moment that IWA is in BXM league - only showing instances where one didn't have to visit the site to realize something wasn't economic and as for that classic comment by Egizio from NB - 'there is gold - we've seen it' - well he was one of the few that did I guess!