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

To: Tim Henebry who wrote (22521)	7/6/1999 10:56:00 AM
From: teevee	Read Replies (1) \| Respond to of 26850

Tim """If 23m is proven and the value stays the same on the next bulk what is the value per share."""" Utilizing my particular method, and the above criteria, I get about $8.50 per share:-)) regards, teevee

To: Tim Henebry who wrote (22521)	7/6/1999 12:03:00 PM
From: Berry Picker	Read Replies (1) \| Respond to of 26850

RE>> If 23m is proven and the value stays the same on the next bulk what is the value per share.<< A stock is the same as a house - It's only worth what someone WILL PAY and not what someone says it's worth no matter how much they know. Right now this stock is worth $4.50 cause that is what you can get ! That being said LET US ENTER INTO DREAMLAND........ We can count on the 9 mil tonnes proven and about 50% of the indicated. 23-9 = 14 Then 14/2 = 7 mil indicated 9 + 7 = 16 mil that you can take to the bank, I asked my broker what he figured and at 15mil at the same grade as the last bulk he figured that whole resource would be worth $3 Billion. WSP legally owns at least 67% right now. SO $2 Billion is the Spear's Divide that by 50 million shares and then discount the value at whatever rate you think it should be. You have a value of $40/share if you discount that to 25% you get $10/share. My broker figured about $8.50/share in the BAG That being said however.. one should realize that the value can only go up.. More tonnage... more than 50% of the remainder proven up as actual... more tonnage found North of the current drilling ... and last but not at all the least... The inevitable occurrence of some more "SPECIALS" which will bring the average value per ton HIGHER !! The $8.50 - $10 /share is the WORSE CASE scenario Don't forget any additional values found from here on are PROFIT because the mining and exploration expenses would be already covered. Dreamland Price $20 - $50 /share .. Actual value $4.50 today :-?