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Gold/Mining/Energy : Winspear Resources -- Ignore unavailable to you. Want to Upgrade?

To: reg who wrote (10996)	12/31/1998 2:27:00 PM
From: teevee	Read Replies (3) \| Respond to of 26850

Hi, Don't worry reg, we all know full well that there is something drastically wrong with ABZ's diavik project-the tape is telling the story there. Luckily, ABZ has about a 32% interest in Snap Lake. When Winspear's price continues to move up the wall of worry from ~$10.00 per share, ABZ will start to track behind. An old rule of thumb to estimate a share price target for speculative juniors who discover a good deposit is 10 % of in ground value divided by share capitalization times the property interest. Assuming grades stand up and the cone sheet delivers the tonnage, potential share price target for WSP is: (50 million tonnes)($500/tonne)(10%)(68% property interest)/48 million shares=$35.40 per share for Winspear For ABZ this is: (50 million tonnes)($500/tonne)(10%)(32%property interest)/48 million shares=$16.60/share+$8.00/share current price=$24.60 per share for ABZ As I said earlier, the big mistake most people will make is selling too early. regards, teevee