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

To: GOLDIGER who wrote (4018)	11/16/1997 9:54:00 PM
From: Chas.	Respond to of 26850

To Skelly, Goldiger.......... MPV presently has one marginally economic pipe 5034 and several new pipes that may or may not be economic, the initial core samples are not all that great. In any event MPV already has reflected share price, they may get a few spikes but the stock is not going to see a big run up unless some fantastically better results come thru. MPV at present price is no better a deal than WSP in fact not as good as a speculation play. bye for now .....Chuck

To: GOLDIGER who wrote (4018)	11/16/1997 10:01:00 PM
From: skelly	Read Replies (2) \| Respond to of 26850

When mpv hit 5034 there were only 2 other discoveries prior -dmm and abz. As a result mpv spiked to 9.75. As more discoveries are made the initial spike is lower and lower. ie aca . Als depends on # of shares issued. (mpv had about 13mmo/s at time of first pipe. I dont know how many wsp shares are issued) If wsp finds a pipe it will spike up a bit . if you trade for the short term then you can make a buck or two but you better be fast If you have followed mpv then you will know that there has been very little hype. Imo hardly any and as a result those in the know have been able to amass large positions (>10%) at very reasonable prices. even debeers as part of the JV bought1mm treasury shs of mpv 60% of the play wasnt enough for debeers and who knows what they have in this through other holdings. I still believe that as an investment mpv rates high above wsp..