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Gold/Mining/Energy : Winspear Resources

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To: Paul Bilecki who wrote (13233)	1/24/1999 12:10:00 PM
From: bill	Read Replies (1) of 26850

I'm afraid you and I are talking to the deaf when we mention the companies that have been driven down to the low pennies. I started a TYS thread because both WSP and ABZ think the TYS property is so good that they 1) paid of substantial debts for TYS 2) gave them stock that is worth a good chunk of money and will be worth more 3) have guaranteed substantial amounts of money for further exploration work. I'm not sure what else would need to be done unless we go north, find some diamonds on the property, then run around yelling "Diamonds, we've got diamonds." Although, given the present mood in mining/exploration (the let's all jump down a mineshaft mood) I'm not sure even that would do the trick. The downside, of course, is the lack of cash available for these beat up stocks. That, however, is why I've sat up and taken notice when companies with cash decide to buy into a property and gives a company like TYS/GGL/AOT etc. a free ride. It is an all or nothing bet, though. If they don't come up with some decent results so that these companies can refinance there'll be rollbacks. Personally, I'm betting on the experience and financing of the majors involved.

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