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Silver Wheaton Corp. Message Board

  • expos_twins_worldseries expos_twins_worldseries Nov 5, 2005 8:30 PM Flag

    article in the globe and mail

    story in the globe and mail talks about the barrick/goldcorp deal for placer dome ... silver wheaton gets a mention from the barrick ceo in connection with placer's gold-sliver la coipa mine in chile, which goldcorp would acquire should barrick's bid for placer be successful.

    as well as SLW has done, would be nice to see them acquire an additional source of sliver to diversify their revenue stream.


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    • "Silver Wheaton fits with La Coipa"

      Most excellent ...

      So it definitely looks like the aim is to get La Copia silver for Silver Wheaton ...

      Good stuff ...

      In a somewhat related matter, there has been a discussion on the GG board about the particular or special nature of resource stocks in general as opposed to most other types of companies ...

      And that is, by their very nature, by literal definition, they are "depletive" and the prime directive of every resource company is the mantra, "replace reserves, replace reserves, replace reserves ..."

      And that is why I hope everybody reads that Globe and Mail article because, apart from the nice SLW reference, the whole $9.2 billion reason for the ABX/PDG/GG exercise is, "replace the reserves, replace the reserves, replace the reserves" ...


      • 1 Reply to JohnnyCanuk
      • Not only replace reserves/resources for Barrick, but IMO that's also the main motivation for GG in this deal. GG's vaunted low costs per ounce will go up some due to the deal (if it goes through), but it will be worth it since it will also result in a large increase in reserves and resources. The main knock on GG has been a high market cap relative to its reserves, and this deal effectively eliminates that knock. Of course, whether that knock existed or not, a miner would still have to replace reserves and resources. Hope the deal happens.

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