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Gold/Mining/Energy : ABER RESOURCES

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To: teevee who wrote (872)12/3/1998 12:19:00 PM
From: I_C_Deadpeople   of 2006
 
$60 US is the average valuation, from Aber's news releases...capital costs for production are most likely to be financed through debt, with a 2 year payback or so......the premise of using a 10% figure for pre-production goods as you call it already discounts for dilution, etc.....once the production figures are finalized, the per share calc. will be based on earnings per share times whatever multiple is in favor that month... If you want to provide for a "dilution" factor, you must do the same for WSP, and even more so for WSP as it must fund much more drilling and pre-feasability, feasability plus environmental...I will check the Aber site, but I thought the Feasability mnd Environmental was to cost $30 million....

I like both stocks, but your calculations always "lean" towards WSP...you should try and be a little more objective in your analysis...then again maybe we will both get rich from these stocks and laugh about these valuations someday...

EW

EW
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