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

To: rdww who wrote (259)	10/17/2000 3:07:05 PM
From: I_C_Deadpeople	Read Replies (2) \| Respond to of 350

I just spoke to Kerry Knoll (IR at Wheaton ). In the 3rd Q news release he initially had detailed what options they were looking at, he now regrets leaving it out due to the number of calls received. Anyways, they are basically reviewing all reasonable options and these include: 1. Merging to get larger, although they have not found anything suitable. 2. Mothballing all projects after next year and waiting out the gold bear market. 3. Selling the assets and paying out all cash to shareholders. 4. Purchasing other mining properties such as copper mines to diversify. All in all, he said that no small to medium producer is going to start a mine with gold at $270. So they do not want to waste the money they have on any such project at this time. This is a very reasonable approach in my opinion, look at all options and do what's best for all shareholders.

To: rdww who wrote (259)	10/25/2000 11:58:42 PM
From: Mr. L. Neufeldt	Read Replies (1) \| Respond to of 350

Cash value is closer to $0.42/sh., but let's not squabble about pennies. I believe you'll find that the reclamation cost has already been set aside. Our problem is too much cash, pathetic POG and no current corporate direction other then we stay the course. I'd like to see some aggressive direction here. I'm more convinced as time goes on that gold is not where to be. Let's get on with something else. Sell our property for shares in another company and move on. There's got to be one bright spot in the mining industry.