Replies to post #302595 on Zeev's Turnips Patch-No Politics (ZEEV)

[basserdan]

Let me state publically..that I needed your expertise to assist with my decision... and I appreciate your help.. Now.. do you think that will increase the value of WHT..beyond what they were offering? or not? ??

Are you getting the feeling that Gold may have plataued here??
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Hi Sam,
Nah! You didn't need my advice at all.... You had it wired before asking me what I thought.

I think WHT is better off w/o CDE because that allows Telfer to continue to call the shots, but how that will translate into NT share value is beyond my ken. My guess is higher.

No, I'm not getting the feeling of gold plateauing here at all, but as you may know, I'm convinced that the ST PoG is almost always continually rigged, and I believe that the riggers understand T/A better than most, and have in the past let the PoG appear to be breaking out to suck in more non commercial longs before lowering the boom.

Right or wrong, I started taking some pwofits on a portion of my trading shares late in the day and am hoping to have the opportunity of doing so again tomorrow...... and Thursday....and Friday.

I'll be a 'true' believer when the PoG closes in new high ground.

Good luck Sam.

[basserdan]

*** Gold related post (WHT) ***

G'morning Sam,
This won't hurt the "cause" either.... <vbg>

Btw, Wheaton River is presenting today (10:45AM Zulu) at the 2004 Denver Gold Forum. The webcast will be archived at the site linked below, but if you wish to listen in 'live', you can register here. #msg-4151532


Wheaton Receives US$86 Million Cash Distribution From Alumbrera

Wednesday September 29, 6:00 am ET

VANCOUVER, British Columbia--(BUSINESS WIRE)--Sept. 29, 2004--Wheaton River Minerals Ltd. ("Wheaton") (AMEX:WHT - News; TSX:WRM - News) is pleased to announce that it has received a US$86 million cash distribution from Alumbrera. Since March, 2003, the initial acquisition date of Wheaton's interest in Alumbrera, Wheaton has received cash distributions totalling US$132 million. In addition, Wheaton's share of the Alumbrera project debt, US$91 million, has been repaid, giving a total cash return of US$223 million.

"This represents an 83% return on Wheaton's investment in Alumbrera of US$270 million, in a period of 18 months," said Ian Telfer, Chairman and CEO of Wheaton. "By any measure, this represents a phenomenal return."

Alumbrera is now debt free and all cashflows will be available for distribution to its shareholders.

Wheaton is a leading gold producer and expects 2006 production from all of its mines to increase to approximately 900,000 gold equivalent ounces at a total cash cost of less than US$100 per ounce. Current production exceeds 500,000 gold equivalent ounces (over 400,000 ounces of gold and 7 million ounces of silver) at a total cash cost of less than US$50 per ounce.

http://biz.yahoo.com/bw/040929/295244_1.html