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Gold/Mining/Energy : ABER RESOURCES -- Ignore unavailable to you. Want to Upgrade?

To: The Fix who wrote (862)	12/2/1998 4:51:00 AM
From: Bob Fairchild	Read Replies (1) \| Respond to of 2006

Thanks George and Fix. Not worried in the least about this investment. It has been a great opportunity to pick up cheap shares. The last time the Diavik deposit was valued at this level all they had were microdiamonds. No accounting for reality in this market. Too bad they ceased offering Calls beyond January !

To: The Fix who wrote (862)	12/2/1998 10:35:00 AM
From: teevee	Read Replies (2) \| Respond to of 2006

Hi, Thanks for posting the Forbes article. <<<<<<<<<At $5.30 a share, buying Aber is the equivalent of buying rough diamonds for $21 a carat; the average value of the mines proven reserves is double that.>>>>> So the average value of Grade is US$42.00 or about CDN$65.00/carat for Aber. If we accept, for the sake of discussion, Dr. Bob's inferred tonnage of 48 million tonnes, and the grade of 1.14 carats per tonne, and assume the evaluations stand up at US$301.00/carat, given that WSP has about 48 million shares outstanding (fully diluted), it appears to me that buying Winspear at CDN$3.00 is the equivalent of buying rough diamonds at CDN$4.00/carat (68%interest); the average value of Snap Lakes inferred reserves (undiscounted and in ground)is about CDN$340.00 per WSP share. Aber's 32% interest in Snap Lake should support the share price from here; as Aber also has about 48 million shares oustanding (fully diluted), the average value of Snap lake's inferred reserves (undiscounted and in ground) is about CDN $160.00 per Aber share. regards, teevee