WRP: Management Makes All the Difference

Equities & Economics Report (09/01/2010)
"Western Pacific Resources is co-led by Warwick Smith and Eric Saderholm. These two people bring an excellent blend of market expertise and geological expertise. The reason I emphasize this so much is that most people have either really strong marketing and weak geological value or really strong geological expertise and weak marketing. This is the best of both worlds.

CEO Warwick Smith brings a decade of hands-on public market experience. Warwick has built multiple public companies from the ground [up], such as Riverside Resources. His knowledge of the brokerage community and the multiple quality media sources is invaluable to the company and will play a key role in [its] success. . .President Eric Saderholm brings over 25 years of experience in the exploration and mining industry. He has been integral to the geological teams that have discovered over 18 Moz. of gold in Nevada, Washington and Peru. . .Curt Everson is the exploration manager and has over 30 years of exploration experience. He has been credited with [an] over-3 Moz.-gold discovery in Montana. The advisory board is also very strong with people like Simon Ridgway and Brent Cook. The company has taken a focused approached to building this company.

Based on the history of WRP's geological team finding ounces, I feel they stand a good chance of making a discovery with this project. The company is very well capitalized, and with guys like Warwick Smith at the helm, there should be no issue in raising money as the projects develop and more money is needed. The stock price has been basing in the mid 40s and recently moved up a bit."

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