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Gold/Mining/Energy : Winspear Resources

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To: Rocket Red who wrote (14475)2/17/1999 5:33:00 PM
From: hugh thorne  Read Replies (2) of 26850
 
I think another way of laying out the chart
in a simpler manner is like this:

14.5 mill tons @1.14/ton gives you 16.5 mill carets

at $301 per ton 5.0 billion
Capex of $172.5 p/t (2.5)billion
Op cost of $49 p/t (0.7)billion

undiscounted value 1.8 billion
at 8% over 15 years the npv is
31.5% of the gross value 560 million

based on 33 million outstanding you
get a per share of the $17 or so.

I present my calculations this way on a thread
i follow very closely. I hope it may be a
little clearer to visualize.
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