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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: LLCF who wrote (22911)12/6/2004 1:07:25 AM
From: dara  Respond to of 110194
 
Looks like WHT owns 1,380,315 shares of Genco Resources for the sale of La Guitarra Mine in Mexico. (WRT sold for the shares and a $4,000,000 promissory note.)

gencoresources.com



To: LLCF who wrote (22911)12/6/2004 2:05:33 AM
From: dara  Read Replies (2) | Respond to of 110194
 
What's more interesting is Goldcorp's investments. They have investments in the following:

Rubicon Minerals Corp.
(RMX - TSX)
- Rubicon has optioned its Red Lake North and Adam's Lake property to Goldcorp. To earn a 60% interest in these properties, Goldcorp must spend Cdn$5 Million on exploration over four years.

Planet Exploration Inc.
(PXI - TSX Ventrue Exchange)
- 17% interest. Exploring in Red Lake. Goldcorp has option to earn 50% in Sidace Lake Project.

Candente Resources Corp.
(DNT - TSX Venture Exchange)
- $0.7 million investment - 6% interest. Active in Peru and Newfoundland. Strategic alliance with Goldcorp in Newfoundland.

Eastmain Resources Inc.
(ER - TSX)
- Goldcorp formed a five year strategic alliance under which Goldcorp would have the first right of refusal for majority interest in any project Eastmain wishes to Joint Venture.

MetalCORP Limited
(MTC- TSX Venture Exchange)
- Goldcorp has teamed up with MetalCORP to explore the clearly defined targets on the Black Bear property.

Pele Mountain Resources
(GEM - TSX Venture Exchange)
- Goldcorp has signed two option agreements with Pele Mountain to explore for gold and diamonds in Ontario

as well as Guyana Goldfields, White Knight Resources and Bioteq.



To: LLCF who wrote (22911)12/6/2004 7:47:40 AM
From: russwinter  Read Replies (1) | Respond to of 110194
 
<WHT-GG merger>

This is not a big premium for WHT shareholders, so it doesn't qualify as the munch boost I'm looking for. I do think it will be a plus for Mexican mining projects, as this combined company will have the financial firepower to pursue it.