Could I get someone to check my calculations. My calculator may not be working right.
It looks to me that Winspear has proven 3,580,000 tonnes of Kimberlite. Latest drilling some suggest triples that and there is potential for much more, maybe even a pipe under the lake.
Two bulk samples have been done from separate locations.
"Information obtained from the two 100-tonne samples indicates that diamonds are relatively uniformly distributed in the NW kimberlite dyke. Of the three largest diamonds recovered, two of the large gem diamonds are from one sample, one from the other."
Many smaller samples have also been collected.
The samples reveal many macros and high values per carat.
U.S. %343 per tonne. or Canadian $500 per tonne.
3,580,000 tonnes X $500 =$1,790,000,000.00
That would be 1 3/4 Billion Canadian Dollars and did someone say that it just tripled and is still wide open?
Winspear's share %68 = $1,226,150,000.00 (multiply by 3?)
Well how many shares are out there?
$1,226,150,000.00 / 32,750,000 = $37.43 per share (multiply by three?) Well, what will it cost to mine this resource?
It can be started with open pit mining. $10.00 per tonne?
The dyke (or pipe, if there is a pipe) is 20 kilometers from the Lupin winter road which goes more or less straight north past both Aber's and Diamet's processing plants, both within 75 miles.
By my calculations it would cost less than $10.00 per tonne to truck to either site for processing. Tell me I don't know what I am talking about. Give $20.00 per tonne for transport. Guess what? Almost all is shareholder gravy. The really hard work is finding the diamonds and that has already been done. If this stock is not worth $20.00 per share or how about $5.00 per share, come on, A pipe would be nice, but you already have a mine. Do you need the money wired to your account in advance. $1.35---that is ridiculous and will not last.
Please help me out with the numbers. There may be more Winspear shares waiting to be exercised but this is a steal and someone is going to steal it. Just watch and see. |
