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Gold/Mining/Energy : Wheaton River Minerals (WRM Toronto) -- Ignore unavailable to you. Want to Upgrade?

To: Michael Markham who wrote (158)6/2/1998 2:52:00 PM
From: Robert Dydo  Respond to of 350
 
I don't think that would be the best plan. With low POG even the best valuation will be a low value. They have plenty of time put this property into production, they have good hedge for this year and no decision has to be made for Golden Bear 1999 production till spring 1999. Even if they take a debt for Bellavista, they have enough credibility to get it with their fundamentals. Still having some $8M of working capital puts them in small group companies to get through this tough times in one piece. Patience as much as overrated is very applicable for this stock.
Robert



To: Michael Markham who wrote (158)6/2/1998 6:13:00 PM
From: Steve Johnston  Read Replies (1) | Respond to of 350
 
I tend to agree. Perhaps, a JV with a major would make equal sense. Under either scenario, they could then use the resultant cash to buy some additional positions in any of a number of beat up junior mining companies. That way, they keep the debt down, and spread the risk over more properties. AGM is on June 16th. I plan to be there. Regards.


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