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

To: Mr. Oil who wrote (11388)	1/9/1999 7:34:00 PM
From: teevee	Respond to of 26850

To: Mr. Oil who wrote (11388)	1/9/1999 7:47:00 PM
From: Sudhir Khanna	Read Replies (1) \| Respond to of 26850

When the moon's in the full, then wit's in the wane. Do not forget that Winspear is a speculative stock and should be treated as such. There is no sure thing in exploration, especially diamond exploration. The goal is not to prove that one had enough courage to travel the full journey, but to make profit regardless of the end results. We are not looking for the end to justify the means but for the means to lead to a disciplined end - profit. I have already suggested profit taking along the way and subscribers should have recovered their original capital long ago. I expect unusual volatility over the next two weeks as fear and greed begin their battle. Having protected your original capital, you can afford to wait for the winter bulk results during the third quarter of 1999. Discretion is the better part of valour. Sincerely, Sudhir Khanna, P.Eng. Editor, The RESOURCE INDICATOR goldsheet.simplenet.com mailto:khannas@interlog.com?subject=wsp

To: Mr. Oil who wrote (11388)	1/9/1999 8:01:00 PM
From: freddy	Read Replies (1) \| Respond to of 26850

Hi there,I am a "new guy" in the SI game.So the "HI!" is to everyone and I might say that the general info seems to be pretty well informed,I'm impressed with much of it. Re DMM, $0.50 to $50.00, as I remember it,the high was $66.00[pre-split] and just prior to the '93 AGM.

To: Mr. Oil who wrote (11388)	1/9/1999 8:26:00 PM
From: teevee	Read Replies (3) \| Respond to of 26850

Hi Ray, I will try again: Also, in partial answer to sidhur, I have made my best gains by holding over the course of events. Examples are Diamet and Diamond Fields. Just for fun, I will use a daily cash flow per share comparison, with some assumptions on mining rate for Winspear. Diamet: (29%)(10000 tonnes day)(1.09 carats/tonne)(US$120/carat)/32.7 million shares = $.0116 Winspear: (68%)(5000 tonnes/day)(1.14 carats/tonne)(US$301/carat)/48 million shares fully diluted=$.0243 Share price potential=(.0243/0116)(Cdn$20.00/Diamet share)=$41.90 $41.90 Cdn is a nice target price per share. The way I usually do this is to take 10% of in ground value/share capitalization. Assuming 50 million tonnes at US$301/carat and 1.14 carats per tonne with about 48mm shares outstanding fully diluted, this is:(68%)(50 million tonnes)(Cdn$500)(10%)/(~48 million shares)=$35.40/share In either case, these are reasonable price targets. If packrat doesn't cover, he will be eventually bought in at market by his broker when he can no longer meet margin calls. regards, teevee