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Gold/Mining/Energy : Winspear Resources

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To: Rocket Red who wrote (18774)4/29/1999 10:52:00 PM
From: teevee  Read Replies (2) of 26850
 
Rocket Red,
Now that Snap lake will be split off from all the other exploration, I believe New Winspear will be "unfettered" market wise and will go up because every dollar spent drilling at Snap Lake is adding many many more dollars in value as the PROVEN tonnage resource grows and grows(needless to say, I expect the bulk sample results to dramatically increase the confidence in the implied value of these tonnes)......I didn't asign zero value to Hilltop etc.....I assigned negative value because the ongoing exploration expenditures are in reality an ongoing liabilty, as exploration dollars are spent, the cash value component of a company is diminished.....splitting the other exploration into Diamondex should cause New Winspear to go up in price.......
regards,
teevee
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