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

To: maintenance who wrote (23907)	8/4/1999 1:20:00 AM
From: russet	Read Replies (4) \| Respond to of 26850

The way I calculate it, at 8 million tons at 1000 t/day their looking at EPS of C$1.16, Might be helpful to show all your calculations. Then we would have something to discuss besides the exciting bull and bear drivel we normally get here, intermixed with the exciting brawls that break out from time to time. Few have bothered to show calculations depicting what the actual revenues and costs might be. Without them it is impossible to assign a possible share price. Discussions of assets in the ground are a waste of time without costs. There is supposed to be more gold dissolved in saltwater or precipitated on the ocean floor than there is in land deposits. Billions and billions of ounces. What is it worth today. $US Zero. There are more diamonds 150 km beneath our feet than will ever be found in kimberlite pipes. Riches beyond belief. Now who has the mining equipment to go and get it? Little wild? Not really. Some land based deposits with large proven resources are unminable economically with todays costs. The surrounding rock is too unstable, or the stripping ratio too large, or methane gas levels too high, or access to the deposit is too difficult to extract large enough quantities of ore to make economic. Many other problems and costs could exist, including financing charges, which appear to be headed upwards presently. When we invent force fields to keep us safe, and disruptor beams to break up the rock, and special moving equipment that sends all the broken rock up to the surface on a beam of light,....and all running on cheap energy sources we can ignore these calculations. Ah you say. Just the rantings of a lemming. No. Just the thoughts of a hamster. cheers,