Wesdome Gold Mines Ltd T.WDO

A Market Gift

[GoldBandit]

Every once in a while the market offers you a gift. Here we have WDO punted harshly for needing a little more time and money to reach monster gold grades. If in doubt just go and review the Kiena assays.Then couple this with gold in a correction and you're left with one of those rare market gifts.

I would imagine that the share price is not much higher than the cost of their infrastructure.

I predict that when the dust settles and the gold correction is over this will move much higher.

[bossu]

To call that a a gold correction.... hum... at $ 1851not so bad.

[GoldBandit]

Technically, it's in a correction. The price has tumbled through a few support levels. Many analysts I've checked out are saying that if the $1827 zone is breached gold will head to $1780. We'll see... Most are in agreement this correction will not be long and that gold is in a long term uptrend. I like to listen to Alasdair McLeod of GoldMoney.com. He brings in the macro point of

[Woodporter]

You said "I would imagine that the share price is not much higher than the cost of their infrastructure." I think you are close to the truth there. They have spent about 250 million on Kiena so far with another 50 million to go. There was already a built mine there which I would guess to cost another 200 million to build today. That implies about 500 million cost for that mine. Add in

[GoldBandit]

Thanks for that. I tried to find out what the infrastructure was all worth but didn't have much success. To me the value here is staggering.