Winspear Diaminds (Bulls Board) Message Board

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Gold/Mining/Energy : Winspear Diaminds (Bulls Board)

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To: BMWIN who wrote (371)	2/6/1999 12:22:00 PM
From: teevee	Read Replies (1) of 1172

Bob, If life and investing were only that straight forward and simple... Its "apples and oranges", or kimberlite and orangeite, or bort and lots of large gem diamond. Also, Aber and Winspear each have about 48 million shares out on a fully diluted basis. Aber has a 40% working interest in a number of pipes with a comparatively low value per carat../about $US65.00?. As the arbitrary cut off for gem diamond is $US50.00 per carat, we can assume that there are very very few large gem quality diamonds in the Aber pipes. Winspear has indications of over 80 million tonnes of $US 343.00 per tonne rock(implied value derived from reported grade of 1.14 carats/tonne with a reported average value of $US301.00/carat). At 10% of in ground value, with a 68% interest and operatorship, there is no reason why Winspear can't achieve a price of about $CDN38.00 per share. regards, teevee

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