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Silver Wheaton Corp. Message Board

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  • admiralleahy admiralleahy Jan 4, 2013 1:09 PM Flag

    For long term holders

    "Barrick has halted all work at that mine currently do to their inability to convinve/bribe the Chilean court otherwise."

    This statement is false.

    I lived in South America for three years up until last November. The property rights issue you are bringing up is laughable. In South America, money talks, period. Bribery is a way of life. Everyone knows it. In 2011, I spoke to a major labor politician from San Juan, Argentina in Montevideo. He said these issues you bring up are a joke, and not even discussed in any kind of seriousness. ABX is not going to lose 8 billion dollars to a couple of twerps. It is obvious that you know nothing of how things work in South America.

    With regard to ABX, they are under new management as of last year, and are making significant changes to their operations and structure. Also, Silver Wheaton will get all of its investment back minus payed out metal in the event of project failure.

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    • Better do some more research....Barrick has halted operations at that mine hence the reason the push out till mid 2014......There is no more construction and/or activity happening.Yes, SLW will retain the 600 million DOLLARS and I emphasize DOLLARS however the streamer model has heavy growth built into it and that is placing extreme emphasys on Barricks mine.The multiple at SLW is simply unjustified without that mine...By the way, the SLV contracts that most play to be IN silver will do nothing but crush the spot market....All this fed liquidity talked about and pushed in has done nothing for the spot price for over 2 years......................Now we are talking about exiting this position and you see the reaction....

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