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Gold/Mining/Energy : Trump's 12 Diamond Picks, Discussions Limited -- Ignore unavailable to you. Want to Upgrade?

To: bill who wrote (1293)	10/6/1998 12:01:00 AM
From: Tomato	Respond to of 2251

Bill, We have nothing to worry about, since Abby Jospeh Cohen, market seer, today said the market was 17%, I think it was, undervalued. So, of course, everyone will be buying tomorrow. After they wake up and get their host rocks off, they will inevitably invest in the best breccia story they can find- WSP. Or am I 2 carats short of a tiara?

To: bill who wrote (1293)	10/6/1998 1:51:00 AM
From: Tomato	Read Replies (2) \| Respond to of 2251

Maybe you or someone can help out on this.. Here's some of the figures for Model 1: Assumed Capital Costs $61.0-million (Canadian) Assumed Total $49.2-million Operating costs (Canadian) Total Cash Flow $99.5-million After Tax (Current (Canadian) NWT Tax Structure) Discounted Cash Flow Rate of Return (After Tax) 54.3% ************ Here's what I don't get-- if the capital costs ($61 mil) and the operating costs ($49 mil) add up to $110 mil and the cash flow is $99.5 mil, how can they make money? How can there be a rate of return? What am I missing here? Can anybody figure out what WSP's interest in the dyke as presently delineated is worth based on Model 1 and/or Model 2- there's 37 mil. shares fully diluted, I think, and they have 67% (I thought it was 68%, but the NR says 67%)of the project?