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Gold/Mining/Energy : Trump's 12 Diamond Picks, Discussions Limited
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To: bill who wrote (1197)8/25/1998 1:54:00 PM
From: Tomato  Read Replies (2) of 2251
 
Thanks Bill. I'm left with the following questions and observations:

1. What would have happened if the Aber had not elected to contribute? Are the contributions to maintain Aber's 32% position due now? I thought they didn't have to pay anything more until next year to keep their 32%. Does anyone know the exact requirements of Aber to keep it's percentage?

2. Why can't WSP have a schematic of the dyke on their web page? Anyone else want to email them and ask that they put one up?

3. What do they mean when the say, "strike of approximately due north"? AS I understand it the dyke is like a pancake coming out in a westerly direction on the NW peninsula- does that phrase mean it comes out facing due north? Or does it mean something else?

4. What do they mean that the dyke is "between 200-400 metres down dip." Wouldn't they know the exact length if that's the part going into the lake? CAn someone explain that phrase?

5. It seems that they're saying that that the minimum probably dimensions are 800mX1800m, which when multiplied by 2.4m thickness and 2.5 specific gravity gives us 8.64 million tonnes. This seems to be news, since Kaiser and the other analysts I've read seemed to be more conservative, talking about 3-7 million tonnes. Am I right about that? Let's see, 8.64 mil. tonnes times .68 (WSP's interest) equals 5.875 mil tonnes times $343/tonne makes about 2.015 billion, divided by 37.2 million shares fully diluted comes to $54.16 per share to WSP. If you value the shares at 10% of the gross in situ value,then you've got $5.41/share. However, I think that number is in US dollars, since the $343 is US value per tonne if I'm correct. So I think you have to multiply by .645 to get the true value- which comes to $8.38/share.

Any answers, thoughts, opinions, conclusions?
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