Lorne, I've been on this thread forever and I still don't trust myself completely, so don't worry about it. I understand what you mean with your 'Bottom line...' statement there, but it is not imho accurate to say that Aber has a guaranteed mine. Not till those permits come in anyway. Sure they have more drilled-off tonnage than Winspear at the moment, along with larger bulk samples, but they've never had the per-tonne figures that have come out of Snap Lake, and Winspear is still drilling .... wsp is just at an earlier stage of development, that's all. Speculative sure, but that's what it's all about. If everything was known it would be priced into the stock.
Looking at the market caps, Aber 47mil out x 9.50 = $446mil, Winspear 37mil out x 3.00 - $111mil. Four times the market cap on Aber, while Winspear is daily increasing tonnage and progressing on a bulk sample that could very well confirm valuations of over $300US/tonne [compare that to Aber's!].
This court case could whack the stocks, Winspear more than Aber. If it does, I'll welcome the opportunity to do some trading, haven't for a long time now. It just seems like a confirmation of an economic ore-body when the partners get to squabbling over share percentages. You can't have a mine without a lawsuit, they say ...... cheers |
