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Gold/Mining/Energy : WillP Speaks on Winspear

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To: Tomato who wrote (122)3/19/1999 4:29:00 PM
From: teevee  Read Replies (1) of 177
 
Author: DiamondWillie -- Date:1999-03-19
12:16:40
Subject: risk and reward

I was just wondering if anyone in their investment
experience with resource stocks have ever
encountered a stock with the same or better
risk/reward profile as WSP at a similar stage of the
exploration process ? Or maybe I'm being too
hopeful and optimistic? E.G. was DiamondFields
ever at a stage where it was obvious to anyone in the
public that it was undervalued based on the results to
date and was bound to go several hundred percent
higher?

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Author: teevee -- Date:1999-03-19
13:02:11
Subject: the future is clear

Diamond Willie, Diamond Fields became clear
at about the $12.00 level when the geophysical
grid was extended to the east and the "Ovoid"
appeared. At that time we all knew from
previous releases that the sulphide system was
nickel-copper rich....the tonnage implications
became obvious. The stock really took off
after the first hole in the Ovoid was
announced.

The consistant CF results coupled with the
200 tonne mini-bulk and an igneous setting
(cone sheet or lopolith) versus a
phreato-magmatic volcanic setting of a typical
kimberlite pipe, tells us that the grade should
be relatively uniform and the tonnage is
huge....it is clear to me that the "in ground
value" of the Snap Lake resource already far
exceeds that of Voisey's Bay.. ..like Voisey's
Bay, Bay street and Wall street won't buy in
until they see the bulk sample results....most
non explorationists don't understand how
atypically low the remaining risks are at this
stage...when the bulk sample results and
valuations are announced is when the stock
should take off.......I got into Diamond Fields
at $12 and got shook out at $58.00 per
share...I won't let that happen with WSP......
regards, teevee
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