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


To: dgz who wrote (23904)8/4/1999 12:25:00 AM
From: maintenance  Read Replies (1) | Respond to of 26850
 
Hello dgz,

That is really easy to see. The way I calculate it, at 8 million tons at 1000 t/day their looking at EPS of C$1.16, bring that to 3000 t/day and you have C$3.00/ share. Given 20 million tons at 5000 t/day and EPS comes in at almost C$5.00. Further I think it naive to expect them to find 20 million t and no more, 30 is easy to imagine and 40 is not a stretch. I may be alone in this but I am still wondering where is the source of all this diamond. I hope Winspear management has a look this winter. The speculation is far from gone in this stock. I must admit I am surprised at how easily the price has crumbled, I am tempted to sell some myself at this point, just so I can stop counting how much my net worth is dropping each day.

Cheers