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Gold/Mining/Energy : Winspear Resources

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To: Solon who wrote (8474)	10/18/1998 1:32:00 PM
From: teevee	Read Replies (2) of 26850

Hi Solon, Everyone should read the attachment to your post. They would then understand why Winspear trades in the range it does (IMO the stock is fully priced to overpriced). You could increase the tonnage 10 fold (which is very reasonable IMO), maintain the grade and I doubt it would have much impact on the value because there are practical limits to the amount of tonnage that can be mined underground (likely 2000-3000 tons/day max). Also, would a small or intermediate size company have the patience and money to meet the new permitting criteria? All those required studies delay development which has a big impact on discounted present value and real returns on money invested (that is if someone must someday make a real profit the "old fashioned way"), or does everyone on this thread want to tout "blue sky" and play "stock market musical chairs" with their money?

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