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STAR GAZER
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WHT Wheaton River Minerals has been growing by acquiring other companies as well as advancing their own properties. It is a 500,000 oz/year producer at a cash cost of $100/oz and so is one of the lowest cost gold
producers. It trades in America on the American Stock Exchange and is frequently on the most active list. I have read that some of the funds are buying it. It has warrants with a strike price of Canadian $1.65/share.
You can convert that into US $ by going to www.hausheidi.com/currency.htm At this time that works out to $1.27/share. The warrants are good through 30 May 2007. So they are good for several years. The stock is now at
$3.20 and the warrants at $1.95 and so if the
stock goes up another $.02, the warrants will be in the money (1.27 + 1.95) After that
for every penny that the stock goes up, so should the warrants and since you can buy 1.6 warrants for every share of stock, and since the warrants dont expire until 2007, it makes sense to buy the warrants instead of
the stock. The warrants also have a good trading volume. CLD warrants are thinly traded, (last trade 27 Nov at .10, bid/ask at this time is .035/.09) and they expire in less than one year, 28 Oct 2004 and so they are more iffy. If CLD stock takes off before
that time, they could still be a good buy because you can get 3 warrants for the price of one share of stock. But you might just want to buy the CLD stock instead of its warrants, but in the case of WHT it would make sense to buy the warrants. On some sites they are listed as WHT.WS on other sites, such as Ameritrade, they are listed as WHT+

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