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Gold/Mining/Energy : Winspear Resources
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To: Zeddie88 who wrote (26167)7/12/2000 7:41:38 AM
From: james flannigan  Read Replies (1) of 26850
 
Dave,clearly wsp has shown NPV of C$17.00,you will never go wrong buying assets for 25 cents on the dollar.Doing my DD I would think that a new near term target would be C$12.00.I also think that may be my guess on the takeout price.I think DBRs in light of the new data will revise the bid before the deadline.As well I also expect a competing bid the deposit is too important,and its value far greater than the C$11 billion.With the new drilling underway DBRs will have to move very quickly if they want to capture "free kimberlite" upside. WSP will be history before months end. Have a good day , James
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