John EmbryWestdome Gold Mines Inc.WDG.VBUYNov 01, 2005
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.
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.
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.
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 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.