Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : WWS.T World Wide Minerals -- Ignore unavailable to you. Want to Upgrade?

To: tango who wrote (301)	1/5/1998 10:22:00 PM
From: kingfisher	Read Replies (1) \| Respond to of 784

I agree this is not your average junior resource play.Take the financing which to date has been ignored by the market.Getting financing of this size (86million Canadian dollars}with a market capitilization of less than $15million Canadian is a significant achievement!Management would have had to prove a business plan to show that these funds could generate a minimum return of 30% before interest,taxes and depreciation and after all cash expenses.Assuming the entire financing is used according to plan ,WWS could generate net income after interest expense of 15% of this capital or $13million annually which works out to about 25cents per share.Of course these calculations are only assumptions which I have speculated on.Perhaps someone who is familiar with WWS could enlighten me if my assumptions are wrong. The Kazaks will settle with WWS.The IMF could hold back funds if it felt Kazakstan were not recognizing standard World Trade laws.