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Gold/Mining/Energy : Winspear Resources

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To: average joe who wrote (12266)	1/17/1999 10:27:00 AM
From: Cohiba	Read Replies (3) of 26850

AJ, I have only one wish. That you have the balls to follow your own advice and are shorting the hell out of this stock. That gives me the feeling that you are about to be cleaned out completely and that we may never again have to read all of your meaningless remarks. Using the ZDNPV method of evaluation, which is suggested in Handbook of Canadian security analysis for the gold industry, with the numbers given by the MRDI study for a reserve of only 3.5 million tonnes, I came up with a value of 8$/share. In a recent release, the company announced its 1999 program and stated that it will drill on the North shore of the lake and east of the NW dyke in order to outline up to 10 million tonnes. That is almost three (3) times the tonnage used in the MRDI study and would mean a value of 24$/share. This does not include the dykes in the south and the west shores nor the feeder nor all other properties they will be working on this year. At this price, this a no brainer! Regards, Cohiba

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