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Gold/Mining/Energy : Winspear Resources

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To: ddl who wrote (16014)	3/17/1999 11:24:00 PM
From: Rick the Vet	Read Replies (1) of 26850

20 Bucks? Hmmmm I wonder what Placer Dome would pay for this company if it were sitting on 30 million ounces of gold at 1 ounce per tonne. My guess is about $35 or $40. I think a Bid will develop but it will not be until grades are a sure thing. If Debeers wants it, a couple of Billion dollars is not a lot for them. They spend half that on advertising each year. Why why make a Billion dollar bid until not only you know they have the goods but what the value of those goods are. Why sell at $20 and pay capital gains tax when the dividend alone will be very attractive.

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