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Wheaton Precious Metals Corp T.WPM

Alternate Symbol(s):  WPM

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company. The Company, through strategic streaming agreements, partners with mining companies to secure a portion of their future precious metal production. The Company owns approximately 35 streaming agreements. The Company also has approximately five royalty agreements. Its portfolio includes operating mines, and development projects and other. It has interests in gold, silver, palladium, platinum and cobalt. It has precious metal interests in Kurmuk, Kone, Salobo, Blackwater, Penasquito, Antamina, Platreef, Curraghinalt, San Dimas, Los Filos, Zinkgruvan, Kudz Ze Kayah, Santo Domingo, Toroparu, Copper World (Rosemont), and various others.


TSX:WPM - Post by User

Post by Joseph_Kon Mar 21, 2018 10:34pm
305 Views
Post# 27758374

P/E, tax problem, doesn't look good

P/E, tax problem, doesn't look goodI'm not long or short.   I don't own any streamers.   I just noticed the news release tonight and thought I'd look in on WPM.   Someone had been telling me recently that they had a P/E multiple in the range of 40x.    It looks to me like it is closer to 200x.   For a streamer, isn't this an insane multiple?  Dot com bubble kind of insane?    Hey, I know it won't crash much, if anything, tomorrow, but it still seems abnormal to me.

What is going on with that tax problem?   How long does it take the CRA to make up their minds on something like this?   The numbers must have been crunched in days or weeks, so what is the hold up on a decision?   Is this a court case or something?   Seriously, I haven't been following it at all so that is why I'm asking.

As for the pumper post... um no... this doesn't look good.   Quite the opposite in appearance, at least to my untrained eyes.
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