To: Cage Rattler who wrote (447 ) 10/14/2006 12:52:51 PM From: John Sladek Read Replies (1) | Respond to Rattler, I don't really have a sense of how the GLG vote will go, or what other GLG shareholders are thinking. As I mentioned in my previous post, I am voting my GLG shares in favour of the deal.The Northern Miner has an extensive article on the Goldcorp / Glamis merger, written by Rob Robertson, and entitled Goldcorp sees the future in Penasquito . It turns out that the driving force behind the proposed merger between Goldcorp and Glamis Gold is the Penasquito project... "this is absloultely a world-class asset," stressed Goldcorp president and CEO Ian Telfer ... "If you look at all the metal that's at Peansquito and turned it into gold-equivalent, there's 35 million ounces there, proven and probable", Telfer said. "Before the end of the year there is going to be an additional reserve or resource calculation and I think to maybe some people that aren't totally up to speed on the size and value of Penasquito, this is going to bring them onside". ... in June, Glamis announced a 30% increase in measured and indicated tonnes, including the doubling of the proven and probable gold ounces and a staggering 945% jump in inferred tonnes...."Western Silver certainly was a tip-of-the-iceberg acquisition for us," said McArthur, adding that the open pit and underground areas have a lot of growth potential, as does the region. "We thin the district is going to show a lot of upside to the company in the future." ... the focus will remain on the southern end of the Penasquo pit and the northern end of the Chile Colorado pit, working to convert resources into reserves. "It looks like that is going to become one pit eventually" said McArthur. "Recent drilling has given us encouragement that this is going to grow even further and we are going to extend the mine life out beyond (17 years)." We also see encouragement for concurrent underground mining at a future date."
