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Gold/Mining/Energy : GLAMIS GOLD - GLG -- Ignore unavailable to you. Want to Upgrade?

To: Cage Rattler who wrote (453)	10/15/2006 5:56:57 PM
From: John Sladek	Read Replies (1) \| Respond to of 459

Cage, I own some shares in NEM. The last time I talked to NEM management, the feeling that I got was that they were looking for properties that would put out lots of ounces per year. Penasquito certainly fits the bill (at close to 400k oz Au + byproducts). I don't know how interested they would be in GLG's other operations, since they are small by NEM standards. Here are the NEM projects in the pipleine that will be in production over the next couple of years. The smallest is 300-350 k oz per year: NEM Projects in Pipeline (Equity ounces) Boddington: 600-675 k oz Leeville: 400-450 k oz Pheonix: 300-350 k oz Ahfano: 500-550 k oz Akyem: 475-525 k oz Compare that to GLG's Properties (Equity ounces): Marigold: 118 k oz El Sauzal: 217 k oz San Martin: 80 k oz Penasquito: 387 k oz (Gold Equivalent 1,339 k oz) That being said, I'm sure that GLG will team up with someone who has the financial muscle and cash on hand to pay for the development of Penasquito. Since GLG has a market cap of around $CDN 7B, it would have to be a pretty big company. Candidates among the gold miners with sufficient market cap would include: - Barrick - Newmont - Anglogold-Ashanti - Goldcorp - Goldfields - Kinross Maybe some other companies that are interested in the base metals components. Here's a couple that have recently been foiled in takeover attemps, and who might be looking for something to buy: - Phelps Dodge - Teck Cominco (70% JV partner in San Nicholas property) Company Market Cap.($Mil) Barrick Gold Corp. 28,539 Phelps Dodge 18,985 Newmont Mining 17,511 Teck Cominco Ltd. 16,188 Goldcorp Inc. 10,338 Anglogold Ashanti Ltd. 10,195 Gold Fields 8,653 Glamis Gold 6,862 Harmony Gold 5,652 Kinross Gold 4,555

To: Cage Rattler who wrote (453)	10/17/2006 11:21:04 AM
From: Cage Rattler	Respond to of 459

Glamis says ISS Canada recommends Goldcorp deal Tue Oct 17, 2006 9:16am ET NEW YORK, Oct 17 (Reuters) - Glamis Gold Ltd. (GLG.TO: Quote, Profile, Research) (GLG.N: Quote, Profile, Research), which agreed to be bought by Goldcorp (G.TO: Quote, Profile, Research), said on Tuesday that influential proxy advisory firm Institutional Shareholder Services Canada has recommended the deal. The ISS recommendation comes as former Goldcorp Chief Executive and founder Robert McEwen has fought the deal and asked an Ontario court to force Goldcorp to hold a shareholder meeting on it. ISS advises institutions on how to vote their shares. In addition, Glamis said on Tuesday that it had been granted the right by the court to have a voice in the court application process that McEwen initiated, called intervenor status. Due to the McEwen application's potential effect on the completion of the transaction, Glamis said it sought intervenor status in order to represent its interests and those of its shareholders in the transaction with Goldcorp.