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

To: Mr Metals who wrote (4472)	12/15/1997 11:01:00 PM
From: Surething	Respond to of 26850

Hi Mr Metals. I'm glad someone took the time to actually read Faze's post and realize he was having us all on. BTW: MEO is set to drill but I hear it won't be until EL NINO stops heating up Alberta. Next year sometime? Best Wishes SureBigthing

To: Mr Metals who wrote (4472)	12/16/1997 5:38:00 AM
From: George J. Tromp	Respond to of 26850

Hello Peter: One that appears to be undervalued and slammed in the past is REX Mining. Currently the beneficiary of 17Mil Canadian upgrades on its 3 fissure producing mines., last report as of Dec 1 their last quarter turned 690,000 net profit. The Sierra Leone property alone is estimated in the neighbohood of 3.3 Bil They also have other JV in S.Africa . Recently obtained permits totaling around 54,000 Sq. K in North West Africa., and another pending for 25,000 Sq. K. Prior placements done at 3.50 C before the coup in Sierra Leone., but when things settle out they will be in an immediate production scenario there. The plan being to mine the upper areas of the dykes while developing lower areas and eventual production. The diamonds are large., high gem quality reported by Rombouts study of around 175.OO/carat. Currently the net asset value of the REX mines should be 1.40C with a trading range of 2.40 to 3.50 per share exclusive of Sierra Leone., or any other land package additions. The bonus here is 100% ownership by REX of current production (Ardo., Rex., Bellesbank.) 100% ownership of Sierra Leone claims as well as the newly acquired North W. Africa claims. In my opinion severly undervalued with great leverage going forward with Sierra Leone. The majority of the stock is owned by insiders., over 50% currently trading under 1.OOC. but probably not for long. Sincerel;y George