Winspear Resources Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Winspear Resources

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Berry Picker who wrote (21139)	6/19/1999 6:27:00 PM
From: Sudhir Khanna	Read Replies (3) of 26850

A few have asked me to comment regarding a misunderstanding. I have not had the opportunity to review all the posts here and apologize if I am taking anything out of context. From the last issue on WSP (May 25): "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.)" The figure is not to be used as a decision point for mine or no mine. It is to be used as a guide to see if there is enough room between potential and price to attract the institutions and is written within this context. The results show that there is. Even the institutions want to make a profit - not just invest in what may become a mine. With the current results, they are presented with an opportunity for profit. The figures are in Canadian dollars because over 90% of my subscribers are Canadian and WSP is quoted in Canadian dollars. Sincerely, Sudhir Khanna, P.Eng.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next