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Gold/Mining/Energy : Winspear Diaminds (Bulls Board) -- Ignore unavailable to you. Want to Upgrade?

To: gg cox who wrote (370)	2/6/1999 11:51:00 AM
From: BMWIN	Read Replies (3) \| Respond to of 1172

I am a novice in the area of mining stocks. However, a couple of questions have come to mind. Some folks here have been talking of share prices for WSP from $10 up to $100. The only stocks that I can compare the WSP with are the Aber and Dia Met stocks. Winspear has issued as far as I know approximately 37 million shares. Aber has issues approximately the same. Dia Met has issued only 22 million. Now, Aber shares are trading for approx. $10 per share. They appear to be well ahead of Winspear in terms of exploration. This raises a question in my mind regarding the short term price of Winspear. The next question I have has to do with Winspear and Dia Met. If Dia Met has 22 million shares and trades for $17 per share than we have a total capitalization of 374 million dollars. This is a mine that is already in production, etc. As I said, Wsp has 37 million shares issued. To reach the same 374 million dollars capitalization, we would need a Wsp price of $10. Something doesn't make sense to me. Can anyone out there help me out on this? Thanks Bob Wozney