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Gold/Mining/Energy : Winspear Resources

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To: Sudhir Khanna who wrote (6270)	6/24/1998 10:18:00 PM
From: peter matson	Read Replies (1) of 26850

MR Khanna I was just wondering how you came up with a share value of $7.00? If Winspear proves up 10 million tons of the green stuff with a value of $340 dollars U.S. per ton then the resource would be worth $3.4 billion dollars U.S., which would be approx 4.5 billion Canadian. Winspears share is 68% which is approx 3 billion Canadian. If the market gives Winspear credit for only 20% of this (600 million) and 40 million shares outstanding then one should expect a value of $15 Canadian. I realize that the 10 million resource has not been proven however I feel it is within reach. If my assumtions are incorrect please enlighten me. Regards

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