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Gold/Mining/Energy : Winspear Resources
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To: gemsearcher who wrote (21079)6/19/1999 11:38:00 AM
From: Rick Hawke  Read Replies (1) of 26850
 
Here is a quote from the Resource indicator that confirms your numbers.

The market is currently valuing Snap Lake at approximately $220
million. Based on a projected 3,000 tonnes per day production rate
and an ore value of $200 per tonne, the project would have a Net
Present Value (at a 10% discount rate) of approximately $220 million.
The value of Snap Lake will double at an ore value of $300 per tonne.
$400 per tonne value yields a NPV of approximately $800 million.
The mini-bulk sample yielded an ore value of $500 per tonne.
Although these calculations are very preliminary and only one method
of approximating future stock value, it is used here as an illustration to
show that WSP has room to move forward based on results. The
institutions are ready to enter the numbers into their spreadsheets once
the valuation results are released. Anything over $300 per tonne will
give them good reason to speculate with WSP. (These figures are in
Canadian dollars and were estimated by MRDI Canada, a division of
H.A. Simons Ltd., the lead engineering firm for the recently
commissioned Ekati diamond mine.)

I'm hoping for the same thing as you, however you can't buy much with hope, so I'm taking the chicken way out for right now & hoping to buy back in at lower levels, & before the rest of the results are in.

Rick
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