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Gold/Mining/Energy : Winspear Resources

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To: james flannigan who wrote (15763)3/14/1999 6:19:00 PM
From: Gord Bolton  Read Replies (1) of 26850
 
Thanks for the update, James. I would take everything that you have said as very positive. Winspear has built a first class exploration team and has some great properties which are not factored into the current share price.
Completion of the bulk sample with expected results is going to lead inevitably to takeover offers largely based upon Snap Lake. Splitting the company up will lead to maximizing shareholder value in the event of a sale of Snap Lake and the preservation of the company and all the other properties.
Just think about the ARP situation where they had acquired fantastic property and when the offer from Barrick came it was focussed solely upon what had been drilled off on Veladero.
We will all have to see how it shakes down. Winspear may be able to get a great price for the Snap and then turn to Hilltop and chase down a half dozen pipes-and have the cash to develop them.
I would see Winspear setting up a separate subsiduary having ownership of Snap but owned by Winspear(and Aber).
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