Somebody, help me!!! That NR or article said the following:
"Winspear has spent $20million since it began exploring the Snap Lake
area of the Camsell property in the NWT since 1992."
It seems to be that in the last year WSP has spent maybe one million, since when I first bought in, I think the treasury had about 10 million, and last I heard there was about 9. Let's say I'm wrong and it went from 11 to 9. That makes $2 million spent in one year. So they're saying that in the previous 5 years, i.e. 92, 93, 94, 95, and 96 that WSP averaged $3.6 milllion per year.
This last year there was drilling, which I would imagine would be more expensive that the preliminary things they do. Am I missing something here? I'm sure they paid some money for the Snap Lake property. How much would that be?
Now the excuse for the options give away is that employees and executives aren't paid much of anything, so I'd have to assume that the payroll isn't that great. I don't know what office space costs in Vancouver, but I can't imagine that it's a tremendous sum.
Someone tell me, where did the $20 million go?
Oh where, oh where did that twenty mil go?
Oh where, oh where could it be?
The options doubled right under our eyes,
Are more tricks waiting for me?
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