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Gold/Mining/Energy : Winspear Resources -- Ignore unavailable to you. Want to Upgrade?

To: Berry Picker who wrote (22243)	6/30/1999 10:17:00 AM
From: Confluence	Read Replies (2) \| Respond to of 26850

Hello Brian, Thanks very much for the update! Good Luck! Confluence

To: Berry Picker who wrote (22243)	6/30/1999 11:01:00 AM
From: Natedog	Read Replies (2) \| Respond to of 26850

I really really like the fact that the plant will cost 150MM and that in the first year ther could open pit 200MM in diamonds.

To: Berry Picker who wrote (22243)	6/30/1999 2:18:00 PM
From: Rick the Vet	Read Replies (1) \| Respond to of 26850

Brian: Thanks again for the info and invite to the meeting. I had no idea so many of my fellow posters were from the Edmonton area. Here are a few calculations based on RT's numbers last night. Capital cost to build mine 150 million. Lets use 200 million for cost overruns. RT says if we put up 30% the bank will carry the rest. So that means we have to raise 60 million dollars. I figure that will dilute the stock to 65 million shares at the most. Mining rate of 3000 tonnes per day. $200 per tonne Cdn profit as it costs $80 per tonne to mine it. This equals $219,000,000 per year profit. Minus 25 million dollars for debt servicing. 194 million pre tax profit per year 65 million shares outstanding $2.98 per share profit PE ratio of 8 - 12 Share price $23.84 - $35.76 All this, and we can still buy shares for $4? Canadian fund managers must be dead from the %hole up.