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Gold/Mining/Energy : Winspear Resources

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To: blue5star who wrote (10474)	12/14/1998 2:59:00 PM
From: teevee	Read Replies (1) of 26850

Hi, Thanks for bringing the new map to our attention. Regarding the new map on WSP's website, the cone sheet is tacit. The new map clearly indicates the dip direction rotates around the centre. IMO, the cone sheet is no longer an inference or theory. There are a suficient number of wide spaced drill holes to talk about geologically and drill indicated tonnage. Lets see now....(2000meters radius)(2000meters radius)(3.14pi)(2.7 meters average thickness)(3 tonnes/cubic meter rock density)Divided by 2(south half of cone where drilling has been done)=50.8 million tonnes. Assuming the bulk sample results confirm prior valuations from the two 100 tonne samples which indicated CDN$500.00/tonne, what might the share price appreciation potential of Winspear be? An old rule of thumb developed from the average take over price of past juniors over the last 25 or so years is to use 10% of undiscounted in ground value divided by the share capitalization......(68% of project)($500.00/tonne)(50 million tonnes)(10%)divided by (48 million shares)=$35.40 per share. It looks like there is still a shot at a 10 bagger here. teevee

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