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

To: Andrew who wrote (11996)	1/15/1999 12:12:00 PM
From: Gord Bolton	Read Replies (1) \| Respond to of 26850

SUF is greatly undervalued for several reasons: 1. Court fight with Debeers from last spring--now their partner in the M1 and surrounding Marsfontein farm. 2. The fact that they do some mining in Angola, and even though a very small part of revenue comes from there everytime there is bad news from Angola the market dumps on SUF. Based on earnings from Klipspringer and Marsfontein SUF could easily support a $20.00 price tag. To say that SUF is undervalued by the market, therefore, WSP should be undervalued is not good logic in my opinion. These prices are excellent buying opportunities IMO. The only thing that I can see that would sink WSP at this point is a total crash of the markets and a long term depression. If you think that will happen buy shares in a profitable gold mining company with lots of reserves. If you don't think the markets will crash and wipe us all back to the thirties, then buy WSP or internuts. My choice CRJ.TSE, MNG.TSE, SUF.TSE and WSP.VSE.