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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: jimsioi who wrote (27191)	2/1/2003 8:44:35 AM
From: Frank Pembleton	Respond to of 36161

jims101 ... because of Sinclair-- I essentially stopped looking at charts. At this point, I'd normally say "period, end of story" but my reasons for buying Wheaton River are the same reasons one would own Kinross or even Agnico Eagle -- these three speculations can only work in a rising PoG environment, there's debt and dilution but there's also a tremendous growth opportunity with these three. Highly levered and undervalued-- and just remember, some of that new equity Kinross is raising may go into restarting the Refugio Mine-- new capital will allow Agnico-Eagle to expand their production at the LaRonde Mine in Quebec and I'm sure a bought deal is in the cards for Wheaton's new acquisition. Fundamentals rule the yeller dawg...which is why I'm trying to split the difference between prudence and speculation. I'm about 55% reinvested in the sector-- my biggest holding is Western Copper (WTC-TSX) followed by Wheaton River (WRM-TSX) I've also been collecting a handful of juniors including QGX Ltd (QGX-TSXV), Anatolia Minerals (YMC.U-TSXV) and St. Jude Resources(SJD-TSXV). My only regret was selling Claude Resources (CRJ-TSX)-- I won't be able to get that one back for less than what I paid because it's been on an absolute tear. Oh well... Regards, Frank P.