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Gold/Mining/Energy : Winspear Resources
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To: wayne cath who wrote (22855)7/14/1999 10:33:00 PM
From: Natedog  Read Replies (1) of 26850
 
Mmmmmmm debt Financing. Wonder at what price to minimize dilution and maximize dollars...Mmmmmmm


The capital cost of the original MRDI plan was just over $100-million, and
an expanded operation would increase the cash outlay required. Mr. Swatton
said that Winspear hopes to raise at least a significant portion of the
required funds by debt financing. He acknowledged that a proposed
production target of 2001 was aggressive and perhaps optimistic, but he
stated that much of the work required to ultimately obtain the required
permits and approvals was under way.
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