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Gold/Mining/Energy : William Resources - WIM-TSE -- Ignore unavailable to you. Want to Upgrade?

To: Michel Blanchard who wrote (953)	2/23/1998 5:46:00 PM
From: Lalit Jain	Respond to of 1326

Michel Blanchard and David Luton, Do not get sucked into G's brainwash. G has definitly tried to abuse certain people on this thread. Furthermore, G has tried to manipulate this thread by posting in quick successions about this stock going to zero. SUBLIMINAL BRAINWASH ! G posts to put fear into unsuspecting threaders, so that they may sell and thereby fulfilling his own needs to drive the price down IMO, Toxic G is far away from the truth. Facts: 1. WIM has an excellent hedge position for 1998 & 1999. 2. The avg. cash costs are $266/oz for 1997, and not $280/oz as you have stated. These costs, IMO, will decline to about $240/oz in 1998 based on equipment upgrades at Jacobina and other method of operations at both mines. 3. The overhead costs are cut in half from 1997. 4. The BLM service group is a gem, and in itself is worth a lot. Additionally, the BLM group provides WIM the ability to profitably mine deposits, where it would be uneconomical for others. Ofcourse, I have never persuaded anyone to buy WIM as a sure thing. Buying WIM solely depends on your ability to take on risky investments. What WIM has is tremendous leverage. At $250/oz, more than 50% of the operating gold mines will be uneconomical, and so will be the Jacobina mine. If you think au will move higher and stabilize above $320/oz over the next 6 months, then WIM can produce a nice return. Think about it ! In 1997, the deficit between supply and demand of gold was 55M ozs (1600 tonnes). This is expected to continue for 1998, and will start to grow in 1999 and beyond. JUST MY OPINION. Got to go. Regards, Lalit Jain