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basserdan

01/28/04 5:03 PM

#198499 RE: roswald #198232

Dan, I bought WHT now because I think the price is low relative to the others plus it seems to be a good company (profits increasing, production increasing, almost forgot to add low cost producer)and the price of gold rebounding. Which high beta golds do you follow?
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Roswald, you can't always go on price alone as a basis for making comparisons.

While the things you mentioned about WHT's profit/production increases ring true, it pays to consider that the price WHT paid for those increases is measured in the stock dilution they (and we) incurred when obtaining them.

WHT currently has almost a half billion shares (479mil) outstanding and moving that many shares is like pushing a supertanker with outboard motors.

I don't follow any high beta miners... at times some of them just like to pretend that they are. <g>

I'm more interested in which miners you keep referring to in the comparison ww/r to WHT.

May I have their names? I may have something to add if you're interested.


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Joe Bob

01/28/04 5:09 PM

#198505 RE: roswald #198232

You forgot to mention that they have significant exposure to copper, which I think reduces the risk of owning them. You don't have to be a die-hard gold bull to see value (same with NXG it appears).