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Gold/Mining/Energy : Winspear Resources

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To: hugh thorne who wrote (14909)2/18/1999 1:34:00 AM
From: freddy  Read Replies (2) of 26850
 
Hugh, help me out here.If the undiscounted value in the ground is $1.8 billion,and you're using a discount rate of 8% over 15 years to come up with a present value of $560 million,doesn't that omit the fact that 1 million tons are coming out of the ground each year.Also,isn't the fully diluted position of 47 million shares a factor?
Let me know where my thinking is wrong.
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