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Gold/Mining/Energy : Winspear Resources

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To: chummer who wrote (20556)	6/17/1999 1:21:00 PM
From: Confluence	of 26850

Hello Buffalo Bill, Brian et al, I'm confused by your math games on DSP. Winspear spun off some exploration assets into a company with about 5 million shares. While these shares are worth much more today, what relevance does this have to WSP? For example, if DSP market cap goes from $3.5 to $7.0 million, why would this have any effect on WSP with a market cap of $200 million. Further, even if DSP holds this gain, how could this be multiplied to imply that WSP should be worth a market cap of $500 million? The results of Snap alone will justify the value of WSP, not trading in an illiquid exploration vehicle, no matter how much you might want it to. But what do I know? Confluence PS Good Luck with the bulk results. I'm hoping that grade will be greater than 1 cpt with values to follow over $200/carat.

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