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Gold/Mining/Energy : Winspear Diaminds (Bulls Board)
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To: BMWIN who wrote (371)2/6/1999 12:12:00 PM
From: BMWIN  Read Replies (2) of 1172
 
Well folks, not a good post. I screwed up on the numbers. Here's a better try:

I am a novice in the area of mining stocks. However, a couple of questions have come to mind.

Some folks here have been talking of share prices for WSP from $10 up to $100. The only stocks that I can compare the WSP with are the Aber and Dia Met stocks.

Winspear has issued as far as I know approximately 34 million shares. Aber has issues approximately 45.5 million. Dia Met has issued only 22 million.

Now, Aber shares are trading for approx. $10 per share. They appear to be well ahead of Winspear in terms of exploration. This raises a question in my mind regarding the short term price of Winspear. That is, capitalization for Aber is 450 million dollars. Current capitalization for Winspear is 100 million dollars. Maybe I just answered my own question on this one.

The next question I have has to do with Winspear and Dia Met. If Dia Met has 22 million shares and trades for $17 per share than we have a total capitalization of 374 million dollars. This is a mine that is already in production, etc. As I said, Aber has 37 million shares issued. To reach the same 374 million dollars capitalization, we would need a Wsp price of $10.

If we look at Aber, it has a total capitalization of 450 million dollars. How can Aber have a larger capitalization than Dia Met?

Something doesn't make sense to me. Can anyone out there help me out on this?

Thanks
Bob Wozney
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