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Gold/Mining/Energy : Winspear Resources

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To: Confluence who wrote (17403)	4/2/1999 1:26:00 PM
From: ddl	Read Replies (1) of 26850

Confluence, let me kick this can also. Because WSP is still speculation with apparent good probabilities these figures we'll assume are proven. WSP: 1.15 cpt @ $300.00 = $345.00 value per ton - $50.00 cost = $295.00 gross value per ton.@ .66% interest = $196.00 to WSP. SUF: .7 cpt @ $100.00 = $70.00 value per ton - $15.00 cost = $55.00 gross value per ton. @ 40% interest = $22.00 to SUF. Also, mine life for WSP = 25 years @ $196.00 SUF = 8 years @ $22.00 This is quick and dirty and don't know about your figures at all, but assuming WSP turns out it will be close.

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