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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 (53452)	11/26/2007 9:33:56 PM
From: Frankly Speaking	Read Replies (1) \| Respond to of 78410

WESTERN KELTIC MINES (V-WKM) $0.415 +0.11 Another example of tough times in the Canadian mining industry is Western Keltic Mines, whose Kutcho project in Northern B.C. was rather rich, but also being located in northern B.C., would be an expensive one to build. Also affected by the Canadian dollar, had trouble attracting market attention and was just in the middle of offering another 100 million shares that would have brought it close to 200 million shares outstanding. Instead it looks like management has decided to sell themselves and Sherwood Copper will be the new owner, should shareholders decide to go along with it. Not quite the way most people had envisioned this story ending, but once again, a reminder of the economics particularly in the Canadian North.