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Gold/Mining/Energy : Winspear Resources

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To: Steelguy who wrote (8273)	10/7/1998 12:54:00 AM
From: Surething	Read Replies (2) of 26850

Hi Steelguy, Re. your comments concerning " not being able to trade in penny increments" Let's hope that you have excluded 1/2 penny increments as well. My predictions are 65 cents by end of Nov. Shorty's going to have a field day on this one. Listening Fix? Assuming a continuous high valuation thru out the stated tonnage of 1.5 million tons, that gives us approx. 600 million dollars Can. in ground worth. Divide this by 10 gives us a market cap. of approx. 60 million. Dividing this by 33 million(shares) leaves us with a share worth of 1.81. Note that this assumes continuous high valuations. A very iffy proposition, yes a bit "dicey" as well. I think this horse has just about run out of "snort". For all you lurkers out there, and new posters, don't get sucked into all the hype and rah on this one. There is plenty of paper out there at these prices waiting to be sold. This stock will be much cheaper in Nov. maybe then it will be a good buy. All the best Surething

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