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

To: VAUGHN who wrote (1306)	10/7/1998 12:30:00 PM
From: Rick the Vet	Respond to of 2251

Thanks for the valuable bit of information. Looks like CC may be looking to accumulate instead of the usual pump and dump. Regards

To: VAUGHN who wrote (1306)	10/7/1998 1:01:00 PM
From: Tomato	Read Replies (1) \| Respond to of 2251

I was trying to figure out a value per share of WSP based on that David James report posted by VAUGHN. See if these figures check out.. In Situ Value: $400/tonne X 3.5 mil tonnes = $1,400mil Less $87/tonne operating costs - 304 Less capital costs - 104 Net value 991.5 WSP's 67% share 664 Divided by 37 mil shares fully diluted 17.95/sh or another way to do it... In Situ Value: $400/tonne X 3.5 mil tonnes = $1,400mil WSP share of 67% 938 Less 67% of $104m capital costs - 70 less 67% of $87/tonne operating costs -204 Net value 664 Divided by 37 mil shares 17.95 Then you'd have to discount at the rate for treasury bills or however the hell they do it- %5 or something- I don't understand that part of the equation. Too bad we couldn't get Gabriela to do that- he was good at that kind of thing. ;-)> But it seems they're lowballing the value/tonne and it seems to me they're using 67% as a figure when it's closer to 68% of the project that WSP has. Also, they're not finished drilling and expanding the resource by any stretch of the imagination....So unless the bulk sample shows that the mini bulk sample was an aberration, we're in fat city.