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

To: Steve Johnston who wrote (187)	2/12/1999 11:48:00 PM
From: keith massey	Read Replies (1) \| Respond to of 350

I'll have to second that assessment. They are now selling just above cash value and made .06/share in earnings ($2.2 million) during the past 9 months. As long as production numbers from the Golden Bear mine stay the same they should make around .07-.11/share in earning next year (P/E ratio of 2-5). However they report that the gold production will increase from 35,000 in 1998 to 45,000 in 1999 which could give a good boost to earnings. The major assumption here is that the grade of the deposit remains high as they do further mining from other sections of the deposit. Add to their value the Bellavista gold project in Costa Rica which is in the feasibility stage and the shares of KIT and you have a fairly safe stock with minimal downside. I can't really make a comment on the upside since there are two many unknowns (e.g future price of gold, new deposits, etc.) Best Regards KEITH