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

To: Rocket Red who wrote (14475)	2/11/1999 6:02:00 PM
From: chummer	Read Replies (2) \| Respond to of 26850

For those of you who miss teevee, here's his latest from stockwatch Author: teevee -- Date:1999-02-11 14:39:37 Subject: great expectations Spence, Dr. Bob has been right on this all along. Regarding the Deutsche Banke report, it is clear that their analyst has great expectations, and why not?....the results speak for themselves. Regarding his numbers, they roughly work out to mining rate of 2500 tonnes per day. This leaves room for the scenario to be expanded to 5000 tonnes per day, and room for some future comensurate upgrades to the initial NPV price target of $17.35 ( IMO, proving up the the required tonnage, given the geometry and geologic character of the cone sheet, is as "slam dunk"). Also, note the confidence in the CF results with respect to implied expectations of grade.....I expect at least confirmation of the $301 per carat and would not be surprised by a grade increase as well....All in all, we will have to ultimately wait for the bulk sample results to silence the critics, however, I have confidence in the system....the Snap Lake system.....and have more than doubled my position over the last 4 trading days..... After reviewing SI threads today, I see that average joe persists with his relentless adhominem and ignorance as as tag team partner with packrat. I find it hard to believe that they haven't been put in Fort Bob for at least a week......one heck of a lot of posts to read....and thanks for the compliment Trev.....I will be back on SI next tuesday evening.... regards, teevee.

To: Rocket Red who wrote (14475)	2/17/1999 5:33:00 PM
From: hugh thorne	Read Replies (2) \| Respond to of 26850

I think another way of laying out the chart in a simpler manner is like this: 14.5 mill tons @1.14/ton gives you 16.5 mill carets at $301 per ton 5.0 billion Capex of $172.5 p/t (2.5)billion Op cost of $49 p/t (0.7)billion undiscounted value 1.8 billion at 8% over 15 years the npv is 31.5% of the gross value 560 million based on 33 million outstanding you get a per share of the $17 or so. I present my calculations this way on a thread i follow very closely. I hope it may be a little clearer to visualize.