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Gold/Mining/Energy : MPVIF Mountain Province Mining -- Ignore unavailable to you. Want to Upgrade?

To: Gabriela Neri who wrote (1124)	8/1/1998 1:28:00 PM
From: Tomato	Read Replies (1) \| Respond to of 2577

I really have to laugh when pond scum flame me on a thread where I have merely responded to firstly answer a misrepresentation made about a company I know a lot about and secondly taken the time to answer questions from other people on the thread. Seems like some promoters don't like it when the thread goes off focus from their promoting purposes. Here's a quotation that I like: "Projection makes perception." Sounds to me like certain individuals may have a closer connection to MVP than they may want to acknowledge on the thread. And it's really hilarious when you realize that the same person spread a lot of pixels on SI doing his "armchair" analysis of MPV's net worth. On the other hand , anyone that knows my history on the WSP thead knows I'm not promoter of WSP, having criticized them severely for many reasons. The fact is, howeever, that they have the goods, and,comparatively speaking, look to me to be a better buy at present. Guess some people don't like opinions that are different than their's. What to you think, Chukeroo? Promotional bullshit or the facts, ma'am, just the facts? Anything I say about WSP that is incorrect? Which stock has the greatest upside potential at the present moment? Anyway, for the sake of any schmucks who wish to silence me with their flaming, I'll copy here my analysis, and any time anyone wants to call me names, I'll post it again until they get tired of their childish flaming: Here's my response to the allegation that WSP has nothing worth investing in. (BTW, I own some MPV myself): The preliminary width and length of WSP's dyke, open in 2 directions, I believe, are known and indicate a minimum resource of 3 million tonnes and a possible resouce of 10 million+ tonnes. WSP owns 68% of it, and although they don't have a DeBeers to pay for the feasibility studies, if you multiply 3 million or 10 million by $343 and multiply by .68 you'll come up with a range of 700 million or so to 2 billion dollars as WSP's share. Divide by 37 million shares and you get a per share value of $18.91 to $54. (The market generally values the last numbers at a minimum of about 1/10 of those figures - so figure $1.89 to $5.40/sh) Compare that with MPV with more shares outstanding- is it 47 million vs. 37 for WSP? Multiply 40 million tonnes times $100 ( a guess at this point) times .36, is it? I come up with 1.44 billion. Divide by 47 million and voila: $30.63 times .10 equals $3.63 per share.