Hi again Letmebe Frank:
The problem is which NPV to use. Right now you have from $2.50 per share to over $36.00. Know which one is right?
Everyone needs to make assumptions on price of diamonds, hundreds of different costs, along with the variables associated just with Winspears resource. No one will get them all right or probably any right. That's why they use a range. Deutsche Bank uses a huge range from $3.70 to $17.35, all based on premature, non statistically significant, diamond grade and value data.
Relying on NPV's at this stage is like playing Russian Roulette.
Gotta just bet with your guts. If you think they got more big chunkers, and diamonds spread evenly all over the place, and lots of tonnes of dykes all around Snap Lake, then your guts are full of Bullchit and you shouldn't give up any of your shares for less than $25.00, and then only a few. If you think they have few big chunkers, diamonds spread unevenly, and few dykes, then your guts are full of Bearchit and you are on the wrong thread....-gg-
russett, big Winspear Bull |
