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Gold/Mining/Energy : Winspear Resources

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To: Confluence who wrote (17403)	4/2/1999 10:43:00 AM
From: teevee	Read Replies (2) of 26850

Confluence, Very good post....I believe the big difference here is: 1. The initial valuations at Snap Lake are 3 times SUF's grades 2. The tonnage potential at Snap Lake is over 100 million tonnes 3. Africa is in the grip of an AIDES epidemic and deepening violent anarchy....Anglo American has restructured and moved out of SA because they believe that soon there will be no healthy workers for heavy industry and mining...it appears that the market has deeply discounted any African "asset", if you have the temerity to call it that. I do believe that SUF has good exploration potential in the NWT, given their land position in the southern pipe field. Given the price differential, I think the leverage is clearly with WSP. Good luck with your SUF holdings.... regards, teevee

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