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Gold/Mining/Energy : ABER RESOURCES -- Ignore unavailable to you. Want to Upgrade?

To: Tomato who wrote (1296)	4/11/1999 3:24:00 PM
From: WillP	Respond to of 2006

Tomato: No. Aber's 32% (note that figure carefully) interest in Snap Lake is highly undervalued. I don't think even a 16 or 18%% interest is accounted for. Winspear is, however...fully valued. (As to Hilltop...well take that discussion elsewhere.) Your point about Snap Lake's value per tonne is accurate. Maybe. I don't know what the market expects to see from the bulk sample. Your two extremes may be an accurate picture, however. Tough call. With regard to the 3.5 million tonnes...that's not an allegation. Turner himself said the purpose of all the drilling was to prove..to "prefeasibility" standards...that they had 3.5 to 5 million tonnes, and to "outline" another similar amount. They do seem well on the way to accomplishing that. Reality is...however...that "prefeasibility" is not "feasibility", and outline means what it suggests. Beyond that...speculate away. I'll not take your bet...nor any less than 30 million. I'm not suggesting it's there...but it well may be. Regards, WillP