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To: Tomato who wrote (1865)1/14/1999 11:55:00 PM
From: Sudhir Khanna  Read Replies (4) | Respond to of 2251
 
To All: A Question regarding Winspear (WSP.v)

The valuation results came out on June 22/98. The stock did not trade up to $2 till October. What did the insiders learn between June and
October that made them decide to put some of their own money into the
company? Why didn't they do it in July?

Sincerely,
Sudhir Khanna, P.Eng.
Editor, The RESOURCE INDICATOR
goldsheet.simplenet.com
mailto:khannas@interlog.com?subject=SI_WSP



To: Tomato who wrote (1865)1/18/1999 5:46:00 AM
From: maintenance  Read Replies (3) | Respond to of 2251
 
Here you go. I only did a few. It should be enough to see
the sensitivity. All at 48,000,000 shares.

Rate 10%
Yrs 15
Tons 10000000
cost/ton 86.41
Rev/ton 400
G&A/yr 1500000
Marketing 7%
Tax after payback 45%
Capital cost 103000000
WSP share 68%

NPV/Share $5.92

Rate 10%
Yrs 15
Tons 10000000
cost/ton 86.41
Rev/ton 300
G&A/yr 1500000
Marketing 7%
Tax after payback 45%
Capital cost 103000000
WSP share 68%

NPV/Share $2.87

Rate 10%
Yrs 15
Tons 20000000
cost/ton 86.41
Rev/ton 400
G&A/yr 1500000
Marketing 7%
Tax after payback 45%
Capital cost 103000000
WSP share 68%

NPV/Share $12.62

Rate 10%
Yrs 15
Tons 20000000
cost/ton 86.41
Rev/ton 300
G&A/yr 1500000
Marketing 7%
Tax after payback 45%
Capital cost 103000000
WSP share 68%

NPV/Share $6.54

Rate 10%
Yrs 20
Tons 40000000
cost/ton 86.41
Rev/ton 400
G&A/yr 1500000
Marketing 7%
Tax after payback 45%
Capital cost 103000000
WSP share 68%

NPV/Share $21.71

Rate 10%
Yrs 20
Tons 40000000
cost/ton 86.41
Rev/ton 300
G&A/yr 1500000
Marketing 7%
Tax after payback 45%
Capital cost 68%

NPV/Share $11.51

I threw this one in for fun!

Rate 10%
Yrs 20
Tons 80000000
cost/ton 86.41
Rev/ton 500
G&A/yr 1500000
Marketing 7%
Tax after payback 45%
Capital cost 103000000
WSP share 68%

NPV/Share $64.60

I think 20 is not unreasonable, 40 would be nice, we
don't need to consider 80 at this point.

Cheers