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Gold/Mining/Energy : Winspear Resources

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To: ddl who wrote (21474)	6/21/1999 11:48:00 AM
From: Ron Struthers	Read Replies (1) of 26850

Denis, it looks like double digits long term if we assume that the grades will be relatively consistent or this release proves to be the average and tonnage is proven. Indications so far indicate the odds of this been proven are very good. If drilling proves up 10+ M tonnes we are looking at a deposit valued in the billions. Depending what tonnage you use I can see the stock between $7 and $20 as some rough figures. How the stock trades to get there is another matter. Remember brokerage makes money by trading stock, I wonder how many stop/losses were taken out this morning. I have suggested taking some profits to reduce risk and am comfortable just holding the rest and let the story unfold. Ron

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