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Gold/Mining/Energy : Winspear Resources

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To: Rocket Red who wrote (17489)	4/3/1999 1:29:00 AM
From: Lorne	Read Replies (1) of 26850

Okay, so let's say WSP is guaranteed to win this one. WSP doesn't sink or swim on this 16% so it's not as big a deal as it first appears. A lot of people on this thread are talking monster valuations for this company and the extra percentage won't mean much to them as they were already looking at big multiples as far as share price goes. ABZ won't sink or swim on this either. Lose and they have a mine that is moving towards production and 16% of what some on this thread are calling the greatest diamond mine of all time. Win and they have the mine and 32%. Bottom line ... both are a buy right now. But beware, there are no sure things.

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