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Gold/Mining/Energy : Winspear Resources
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To: Andrew who wrote (18404)4/18/1999 11:57:00 PM
From: teevee  Read Replies (1) of 26850
 
Threadsters,
Here is something to chew on....all comments welcome....

Author: teevee --
Date:1999-04-18 19:07:19
Subject: share valuation for
Winspear?

Gareth, I am comfortable with the
notion that there is a tonne of
kimberlite backing every share of
Winspear.....assuming valuations
stand up and they are discounted
20% for mining dilution, there
could be an implied value of
$400.00 worth of ore in the
ground for every share of
Winspear. the last time i bought a
stock with a tonne of ore behind
every share, with an implied value
of $400.00 per tonne, was
Diamond Fields Resources and I
had to pay $12.00 per share for
it.....another way to look at where
the share price might go is a look
at gold companies...Majors have
often paid the equivalent of
$100.00 per ounce of gold
equivalent in ground resource, in
terms of share price capitalization
of the junior resource company
that was acquired.....hmmmmm I
better not go there........anyone
else have any thoughts on this?
regards, teevee
PS: now about that bottle of scotch, Sam.....are you pourin? I'll have mine straight over some ice please.....
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