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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (8961)	3/21/2003 9:39:36 AM
From: Silver Super Bull	Respond to of 39344

RW, With regard to the Wheaton River conference call,I found this from a press release on the 14th: "This call will be archived on the Internet and accessible on Wheaton River's website at www.wheatonriver.com for up to 60 days after the event." DB

To: russwinter who wrote (8961)	3/21/2003 9:57:52 AM
From: bkcraun	Respond to of 39344

RE: WHT Conference Call... by: omniportent 03/20/03 05:46 pm Msg: 10140 of 10234 The following rambles are in no particular order. They are my interpretation of the major points: 1) WHT will not have to pay any cash taxes for approximately the next 3 years. Strange, but nice. 2) The debt component of the acquisition deal has been paid off, since WHT was able to raise more cash than expected. Very nice. 3) As of May 2003, WHT will likely have about $30 million in cash. 4) No more shares will be issued in the near future. 5) Net cash flow per share will be between USD $0.20 and $0.25 in 2003. Most of WHT's peers trade at 10-12 times net cash flow [My comment: therefore, for Wheaton to be fairly valued it would trade between USD $2.00 and USD $3.00] Awesome! 6) WHT still has 250,000 shares of Kinross kicking around 7) Around 100 institutions purchased WHT shares in the financing deal. Wow! 8) Several new analyst reports will be coming out soon. 9) The acquisition was highly accretive to shareholders, since reserves per share doubled and cash flow per share nearly tripled. That one is for Johnny. 10) A new Joint Venture will be announced in the next few weeks 11) Alumbrera "is a cash machine". I liked that one. 12) The best defense against a hostile take-over would be a higher share price. Some companies have been looking at WHT due to their abnormally high cash flow per share. Hmmmm.... 13) WHT is considering doing the GG thing -- hoarding a chunk of the gold they produce, since they are very bullish about future prices. 14) WHT can afford a dividend, and will consider giving one in a couple years. 15) Ian Telfer thought that what happened to Glamis' share price is exactly what will happen to WHT. I hope he is right! There was other stuff too, but that's all that was in my notes. Who dares, wins!