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Wesdome Gold Mines Ltd T.WDO

Alternate Symbol(s):  WDOFF

Wesdome Gold Mines Ltd. is a Canadian-focused gold producer with two high grade underground assets, the Eagle River mine in Ontario and the Kiena mine in Quebec. The Company has an exploration program both underground and on the surface within the mine area and more regionally at both the Eagle River and Kiena Complex. The Eagle River Underground Mine is located 50 kilometers west of Wawa, Ontario. The Eagle River underground mine near Wawa, Ontario is producing gold at a rate of 80,000 to 90,000 ounces per year. The Kiena Mine is located in the highly prospective Val d’Or, Quebec gold camp. The Kiena Mine is a fully permitted, integrated mining and milling infrastructure which includes a 930-meter production shaft and 2,000 tons-per-day capacity mill. The Kiena Mine Complex consists of the Kiena Mine concession, Kiena Mill, related infrastructure and equipment and land position in the Township of Dubuisson, Quebec.


TSX:WDO - Post by User

Bullboard Posts
Comment by POG1200on May 30, 2010 7:25pm
726 Views
Post# 17141881

RE: RE: News

RE: RE: NewsNT, 
 
If your exit is based on an expectation that the POG is going to $900 or $800 dollars soon, that line of thinking is not recognizing the Asian countries that have recently put in a floor to the POG.  India, and China have shown themselves to be buyers way before anything like the lower prices mentioned above occur.  They are other holders of large amounts of fiat as well, that want to diversify out of their paper and into a store of wealth that can't be counterfeited before more, much more fiat is created.  Good luck taking your risk on trading this market, but don't be surprised if you have to pay a lot more to get back in, or if while you're on the sidelines, an event sends the POG up hundreds of dollars overnight.
Bullboard Posts