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

To: loantech who wrote (17854)	8/8/2006 8:48:24 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 78410

I like WGDF but don't think it is as good as VYE in the current environment. Clearly WDGF is cheaper selling at less than 50% VYE market cap on a per ounce basis. But ounces at VYE are much better quality and potential is higher in my opinion. Operating cost will likely be 2.5 to 3 times higher at $325-$350 compared to Viceroy $110-$150. Also VYE has almost all the money it needs to develop the mine. May need only another $30-$40M. VYE will now have most likely 3M+ ounces. And they could make a new discovery high grade real soon. So I think both are fairly valued. VYE would still be very profitable at $gold $400. WGDF would not. That makes WDGF more leverage. In a bull to $2000, both will do extremely well and WDGF would likely outperform VYE (assuming VYE doesn't make new discovery). Kepp in mind that I know more about VYE than WDGF. Also haven't check metallurgy at WDGF.