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

To: Claude Cormier who wrote (17505)	8/21/2003 2:07:53 PM
From: Tommaso	Read Replies (1) \| Respond to of 39344

A stock that has been priced as low as Wheaton is practically a warrant or option in itself. It makes little sense to spend such a large proportion of the stock's underlying value on a warrant. Also, please note that I was speaking to the suggestion that the warrant is currently worth a dollar. The actual price, 43 cents, is much closer to a reasonable value. There is the additional risk for US investors of having the exercise price set in Canadian dollars. At this time the warrant can be exercised for about $US 1.17, but it could be more expensive if the Canadian dollar continues to appreciate.