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

To: Andrew who wrote (18404)	4/18/1999 11:57:00 PM
From: teevee	Read Replies (1) \| Respond to of 26850

Threadsters, Here is something to chew on....all comments welcome.... Author: teevee -- Date:1999-04-18 19:07:19 Subject: share valuation for Winspear? Gareth, I am comfortable with the notion that there is a tonne of kimberlite backing every share of Winspear.....assuming valuations stand up and they are discounted 20% for mining dilution, there could be an implied value of $400.00 worth of ore in the ground for every share of Winspear. the last time i bought a stock with a tonne of ore behind every share, with an implied value of $400.00 per tonne, was Diamond Fields Resources and I had to pay $12.00 per share for it.....another way to look at where the share price might go is a look at gold companies...Majors have often paid the equivalent of $100.00 per ounce of gold equivalent in ground resource, in terms of share price capitalization of the junior resource company that was acquired.....hmmmmm I better not go there........anyone else have any thoughts on this? regards, teevee PS: now about that bottle of scotch, Sam.....are you pourin? I'll have mine straight over some ice please.....