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Silver Wheaton Corp. Message Board

  • namehij namehij Nov 4, 2005 3:33 AM Flag

    Johnny

    What about Pueblo Viejo project in Dominican Republic? Would Goldcorp get it and then SLW have a shot at the silver? It is 100% owned by Placer, has 12 million oz gold potential, with possiblly
    >50 million oz silver if same ratio applied to future gold production as silver production has been historically. It could be further out in time frame than the one in Chile they could possibly get.

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    • Just like in the Chevy Chase movie, aye?

    • You sure is.

    • To digress just a second, while everybody is drooling that Goldcorp getting the Campbell mine is the jewell in ABX/GG/PDG deal, I would suggest that the real gem here is the Goldcorp acquisition of the 40% of Pueblo Viejo ...

      Now, back to silver ...

      Peter Barnes of Silver Wheaton was asked during the conference call about SLW being able to get the silver from La Copia because it will own only 50% of that ... Peter said it is too early to say, but it is something they would definitely work towards doing ...

      So, I would imagine that the same would hold true with the silver at Pueblo Viejo where Goldcorp will hold 40%, that SLW will try to acquire the silver stream but there are no guarantees like there would be in a 100% owned Wheaton property ...

      One thing to consider, and something we know very little about at this time, is that Placer has a pile of other exploration and development properties and joint ventures going on and Goldcorp would pick up many of those and I'm sure somewhere in all that there are some silver content projects that if brought to production, then SLW would be involved ...

      It's nice to speculate, eh ...

      Good trading ...

      jc

 
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