John Embry
Westdome Gold Mines Inc.
WDG-X
TOP PICK
Mar 10, 2005
Have had some spectacular drilling success. Has a "prestiene" plant, to replace today would cost $200,000,000, bought at bankrupcy. It's an emerging gold stock. Fully expect to make a lot of money with this one.
Have a huge landspread in Val Dor and acquired the Kiena assets which are the producing assets. Recently had some terrific drill results. Not on many radar screens. Good team.
A sadly misunderstood company. Have been making spectacular discoveries. Beside an exisiting mine shaft, so will be very easily mined. Cheap. Quite thinly traded.
Have had great success finding reserves next to the existing shaft. Will be in full production in about 9 months. There's a proposal on the board now to merge with River Gold (RIV-T) which would be good.
Really likes beat-up producers. Have really suffered through the rising input costs period. When this gets merged with With River Gold Mines (RIV-T) you will have two producing mines, one in Ontario and one in Quebec. They'll both be very profitable mines going forward in the gold world that he foresees.
He thinks it is too expensive to buy here. He wishes he bought this when it traded down to about $1 per share. There are others out there with more upside potential.
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