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

To: teevee who wrote (1828)	1/2/1999 8:44:00 PM
From: Tomato	Read Replies (2) \| Respond to of 2251

teevee, What do you think the fair valuation of WSP would be if the new drill holes and/or the upcoming bulk sample come up with, say, half the value of the 200 tonne mini-bulk? Would it be half? Would it still be economic? Put in Ben Graham terms (any Ben Graham followers - please stop laughing!), what would the margin of safety be? 20 million tonnes at US $175/tonne? Any particular figure you can calculate? And one question I have for you, teevee, about the NPV analysis you did- if ABC Mining CO. had 100 million tonnes of kimberlite of the same grade and value as WSP's, wouldn't its stock be worth more than WSP's if WSP had, say 50 million tonnes? Am I right in assuming that NPV isn't necessarily the best way to value a stock in such a situation? Happy New Year, and here's to a $15 WSP in '99 (ok, $20+ would be nice, too).