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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (17812)8/8/2006 7:00:35 PM
From: loantech  Read Replies (1) | Respond to of 78410
 
Claude,
Looking at a rough comparison between VYE and WGDF. Please remember I know nothing. <g>

VYE 56.3 MILL FD = MC of 468 million.
WGDF 110.5 MIll FD = MC of 248 million.

Right now VYE has about 2 mill ounces of gold in all categories.

WGDF has 3.5 mill ounces all categories.

VYE has lower cost gold I think.

But WGDF is fully permitted and has a lot of infrastructure.

VYE has about 70 mill cash.

After Warrant exercise WGDF should have about 60-70 mill cash.

WGDF is in USA.

VYE is in Argentina and needs to be fully permitted, they need to build the mine etc.

I think WGDF is severely undervalued compared to VYE.

Check out slide # 21. Hard to read but I think this supports my case somewhat??

westerngoldfields.com

Anyhow I have no idea if I am comparing apples to oranges or if I know a darn thing.

They will soon have a TSX listing and then they will be eligible for Canadian retirement plans, other fund buying and off the awful OTC.

Just wondering what you think about the comparison?

Thanks,
Tom