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

To: Rick the Vet who wrote (14942)	2/18/1999 6:36:00 PM
From: kfdkfd	Respond to of 26850

Heres $ 17 Value from report: If we accept the $301/carat at face value, along with operating costs in line with the company's estimates, we estimate an NPV for Winspear's share of the project of $780 MM (Canadian), or $17.35/share (using an eight per cent discount rate). This is based on mining a total of 14 MM tonnes through 2015. With $175/carat and operating costs about 35 per cent higher, our estimated NAV falls to just under $5.00/share.