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

To: BMWIN who wrote (372)2/6/1999 2:07:00 PM
From: Diamond in the Ruff  Respond to of 1172
 
>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

Diamet has two classes of shares. The "B" series ($17.00 CAN) has approx. 22 million issued, and the "A" series ($15.25 CAN) has about 8 million - as of Jan 31/98. This should give approx. a $496,000,000 undiluted market cap for Diamet. I believe, if memory serves me correctly, that Diamet holds about 30% of the Ekati mine, while Winspear has 68% of Snap Lake and Aber holds 40% of Diavik.

Hope this helps,

Kim



To: BMWIN who wrote (372)2/6/1999 2:34:00 PM
From: Rocket Red  Read Replies (2) | Respond to of 1172
 
Bob
There is a big Difference to Wsp & Dmm.b
Diamet Project has a Market Cap.Of over 2Billion.
Wsp project doesn't yet have a market cap of 200mil
Abz has a market cap of about 1billion for there project.


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