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Gold/Mining/Energy : Winspear Resources

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To: stanley new who wrote (11337)	1/8/1999 9:45:00 PM
From: .Trev	Read Replies (2) of 26850

Ya pays your money and ya takes your pick. Only the bulls and bears in New York city have crystal balls. As far a WSP is concerned share price projections range between $0.34 (john Paquet) and $200 (Teevee). The only safe assumption is that it will probably be somewhere in between. And then of course there's the time frame too to confuse the issue. The smart money and management just took down a significant Private Placement at $2 plus so obviously they're expecting to be in the money. A good deal hinges on the planned bulk sample confirming grades in carats per ton and values in terms of $ per carat, and the reserves in terms of millions of tons. It's easy to see 3 to 5 million tons and the only real valuation we have so far is US$301 per carat and 1.14 carats per ton. Projections run as far as 100 million tons at these same grades. Expectations run from the usual Eastern skepticism of anything more than 10 miles from Toronto/Montreal/or Ottawa to " the diamond find of the century . We won't know which one ( century or value)until next year. Welcome to the madhouse. Join the fun, but for goodness sake have fun. Regards

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