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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 (747)	4/12/2000 3:36:00 PM
From: Claude Cormier	Respond to of 1321

<<Claude, not all geologists are knowledgeable. >> I agree, of course. <<If your geologist partner did not practice geology...>> Well he did. Here in Canada, as well as in South America and Africa. <<"People think that a geologist is a person who knows how to analyze ores and geological formation before other person finds about him that he does not.>> In the same manner, some people think that just because you are not a geologist, you can't analyse exploration results and come to valid conclusion. So they are surprised when they find out you can. << I wish you success in your newsletter writing. >> Thanks. Keep in mind that there are two variable in stock analysis. A) the quality of the assets, (in IWA case, the current 1M ounces lower grade resource, and the new high grade discovery) and management. B) the market valuation (44M shares X stock price). All I have been saying here is that the play is valid, the asset has some value and is promising. But at the same time, I expressed the opinion that the market valuation had become too rich. When A > B, you buy. When B > A, you sell. When A=B you hold unless you have better things to do. The market seems to agree. Now, the price came down and the asset will continue to be developed. Will the resource expand I don't know. For sure when examining and plotting the drill holes on a map, it appears that expansion is possible although not guaranteed. We will find out in time. If you want to evaluate our work, let me know. I'll email you stuff we said on Corner Bay and other of our favorites. Always a pleasure to discuss on these threads.