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


To: Andrew who wrote (19450)5/21/1999 8:23:00 PM
From: teevee  Read Replies (1) | Respond to of 26850
 
Andrew,
Maybe CJ is considering selling his royalty in Diavik to SUF for lots and lots of paper:-))....can you imagine the irony of a royalty company like FN financing Aber's share of Diavik mine development costs with an over riding royalty on it to another diamond company:-))...its almost perverse:-))For example, a 3% royalty is about equal to a carried 15% working interest......wouldn't that look good on SUF eh? By the way, assuming FN is going to be the lender of last resort to Aber, and for the appropriate "pound of flesh",and taking into consideration the royalty, I am wondering what remaining upside there is for common share holders of Aber? Any ideas other than CC's $30.00 target?:-))
teevee