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

To: traacs who wrote (472)	5/20/1998 5:04:00 PM
From: tango	Read Replies (2) \| Respond to of 784

Thanks I hear there are about 10 people at the company. WWS to spend 6m over 3 years on the project. book value of the assets is about 3m although i am told by someone in the industry that the replacement cost would be closer to 10m. the company is signing leases and has signed for about 1000 acres and is in the process of doing another 1000. these are not for exploration but are proved resources awaiting exploitation. the key here is all the assets are permitted which would take years in itself. i have run out of answers as to why the stock is this low because i just can't reason why someone would sell here(other than a fund) there has been a response by Kaz but sources are tight lipped( but confident it will be settled before long. the market has another opinion.