For those that don't follow Stockwatch, Here's some interesting reading (Compared to the SI WSP thread) - There is more: look here:
forums.canada-stockwatch.com
Author: gee10 -- Date:1999-03-23 18:47:43
Subject: Watching Paint Dry!
To All:
Waiting for news is like watching paint dry after you've said just
about everything you can about the last release.
I see we have BIG NEWS coming tomorrow according to SI
posters.......Yaawwwwwwnnnnnn............
I guess if you predict it every day your likely to be right one day? or maybe not!
To Willp:
Some nice chess playing with the boys. Did we make progress here
or are we still in a stale mate?
G10
Author: WillP -- Date:1999-03-23 19:32:06
Subject: For the 'Red Diamond'
Now I see where the missing posts went to...a few otherstried valiantly to start new threads without much success.Well, I'll adopt the latest one and respond to posts on others.
From 'Diamonds': "WillP Another Great Story.Join SIalready. "
I'm certainly not opposed to SI...I lurk there often enoughafter all. Maybe one day someone there will tick me offenough that I'll pay the money. :-)
"No we Were not going back there.Just a Point I madethats all. The way I see it All the more information weget it puts us on the same playing field as CC and a fewothers. Yes not all stories come to life but soime are veryreal in this life.Thats what keeps it interesting."
Ain't it the truth. I wouldn't be lurking on SI if I wasn't tryingto glean every last bit of information I can. You do seem to bethe source of alot of it. By and large...good work. :-)
"The shares prices would not be here today if it was notfor the Bear market in juniors. Both Wsp,Abz would betrading alot higher but we can say thanks as we areable to fill our boots if we want.Yes I have."
True indeed. I recall Winspear at $4.50 years ago...based onwhat? Next to nothing by comparison. Mind you...Aber wasover $20, and Diamet was near $30.
Of course...BreX was in the mid $20s as well.
Like you...I've used the opportunity to...umm...fill my boots.Probably to the extent that if another BreX rocks themarket...I'll be filling my shorts, and I'm not talking about astock position there either. :-)
"There are also the Franco Boys that have Mega Bucksthat also join the party. Diamond exploration is a longroad that is for sure."
Sure is. I've been at this diamond game a long time now.When I first wandered in...it was pretty much a Canadianventure. Where is it today? Broken Hill owns 51% ofEkati...Rio Tinto owns 60% of Diavik, DeBeers holds 60% ofthe AK/CJ blocks and ???? may soon own ??% of SnapLake if you guys are right. Beyond that...there is a heftyforeign content in Aber above and beyond FN's 10%. I'msure the foreign holdings of Diamet, Mountain Province, andWinspear is similarly substantial.
In a way...that's too bad. But hey...if Canadians don't believein what's to be a major industry in their own country...tough.There are astute Americans, Europeans, Kiwi's and the likethat will fill the void.
I can tell by your posts that you believe in the Canadiandiamond industry....and I'll be the first to salute you for thatbelief.
It is a long and winding road though, that's for sure.
Oh, and out of idle curiosity...who is putting out that 25 pagearticle or report?
Regards,
WillP
Author: Diamonds -- Date:1999-03-23 19:52:32 Subject: Secrets I have not seen this 25 page report yet!! I have no idea who put it out but its out there. Maybe Teevee has see it. Would be great if you joined SI. Happy hunting. Rumours are Rumours until proven fact.
Author: WillP -- Date:1999-03-23 20:23:11 Subject: Rumours and Facts Rumours are rumours until proven fact, you say. True enough...obviously. The thing I've noticed is that some of the ones proven wrong still had some basis in fact. Take for instance the SI rumour in early January about caustic fusion revealing a 'monster' diamond. Remember that one? Well...proven wrong. Or was it? You can play this one at least two different ways. Finding a three quarter carat diamond in 1200 kilograms was a bit lucky. After all, 200 tonnes only gave up 25 one carat or larger stones. That's one in 8 tonnes. The other way...I really do suspect that some of those diamonds were fragment pieces. It's not unusual at all for diamonds...especially flawed ones...to break in the emplacement process. To say that one came from a broken 16 carat one might be a bit of a reach in the drill cores, but can't be ruled out. It's like the elementary school game...tell the first kid in line a story...and pass it down the line. See what comes out the other end. It's usually wildly distorted. Sometimes you don't even recognize it. Rumours are often that way. I listen to them always...but try to figure out what's probably the truth...and what's illusion. Often I'm right...sometimes way off. Geez....now I'm going there. Not. :-) Yes...we could have some fun on SI. Thanks for the invite. Regards and good luck to you. WillP
Author: Diamonds -- Date:1999-03-23 20:40:09 Subject: The Clock is ticking. WillP We all know the time Bomb is ticking and when the right button is pushed the bomb will explode. There are others who also heard about the bomb now weather they come out of the trench thats up to them. I agree there has been lots said most have come to fruit now will the rest thats a good question. Sitting in the dark waiting till the next light turns green. Also Good Luck in the Diamond World.
Author: WillP -- Date:1999-03-23 19:42:20 Subject: For Gareth: Gee10's Vanilla Frosting
"Frosted diamonds?: "Overgrowth features" on some ofthe diamonds is mentioned in the Jan 18 news releasefrom WSP. My interpretation from what is stated in thisrelease is that the overgrowths represent a second stageof diamond growth on some of the primary crystals. (Thisis not an uncommon phenomenon in igneous bodies of allkinds.) Pressure and temperature and even compositionalconditions may change during crystallization. Theevidence of suggests that the first diamonds to crystallizein the source of the Snap kimberlites grew during someearlier crystallization event in the mantle, then asubsequent growth event, possibly just prior to eruption,occurred later. It has been shown that some diamonds inother deposits initially grew during the Archean (>2.5billion years ago), and were subsequently erupted inkimberlite a few tens of millions of years ago. The mainthing for Snap is that the conditions in the mantle did notchange for the worse so that the diamonds were out ofequilibrium. That would have done them in and thisdiscussion would be mute."
I have taken the liberty to paste your entire post up here. Imissed it for over a day, and it certainly seems worthwhile.
That's pretty much what I interpreted it to be as well. Youhave described it far better than I might have, however.
Just an idle speculation...the diamonds allegedly formed atgreat depth...over 300 km by some accounts. Is it possiblethat a premature 'eruption' carried them higher for a period oftime...say to 225 km...where they sat and underwent asecondary growth? The venting eruption came later.
Regards,
WillP
Author: teevee -- Date:1999-03-23 20:05:50 Subject: 25 page Diamond report Willp, I'm told the author of the 25 page report is a Mr. David James, from Winnipeg. I'm not sure, but I think he is an analyst for Cannacord. I haven't seen the report, but it supposedly features WSP and talks about every other player up there in the NWT. The idea is that if a junior market happens again, people with the report can follow whats happening and maybe buy $.50 shares in a junior next door to WSP or whoever...... regards, teevee
Author: WillP -- Date:1999-03-23 20:12:44 Subject: Thanks I'll pick me up a copy tomorrow. He usually does his multi page writeup in February or so. It's usually been a very good production. Yes...he's with Canaccord. Regards, WillP
Author: WillP -- Date:1999-03-23 20:01:09 Subject: For Jspec:
Greetings:
Glad you're following the diamond quality debate. I wasn'tsure if it was clear in my mind alone.
About the rumours:
The thickening dyke has been mentioned by others as well.Mind you...the previously "reported" maximum thickness isnow larger. One comment...by most accounts, the maindrilling is in the 3x3 grid area near the NW peninsula...a longway from where the suspected 'source' is.
Also...last year's down dip poking didn't hit those extremedyke thicknesses. So...I'm still assuming an undulating dyke. Itwell may be 6 metres in some places...and we already knowit's only 1.2 metres thick over an appreciable area on thesouthernmost part of the NW peninsula.
Having said all that...it's getting so warm up there now, that ifany source poking is going to go on this spring...it had betterbe underway now.
It takes a fair while to determine a 'monster'. One verticalhole...bottoming in kimberlite is one thing. De andre-mobilizing to drill at a 45 degree or such angle is another.Doing that would take time.
Of course...I don't know if or when they might have startedsuch a thing.
'Red' had a few other comments...one suggested the bulk wasaround 7000 tonnes.
Could well be...I thought that the 6000 figure had beenconfirmed a few times...but I doubt they formally weighed thestuff at Snap Lake. They may have found they had a wee bitmore when they got to Lupin. :-)
The other one was, I believe, 20 million tonnes have beenproven. That one is...I think, a reach. Mind you...I'm onlyquibbling with the word "proven". It could well be that I'll lookat the drill map after this program and say, "Yep, that's provento me." I just don't think a feasibility or even a scoping studywould accept it as proven.
I will be extremely disappointed if Snap Lake does not hold atleast 20 million tonnes, however.
"I asked RT via e-mail about the twin pipepossibility(among other things). No word as yet."
Well, we will wait for the reply patiently.
Regards,
WillP
Author: teevee -- Date:1999-03-23 21:08:45 Willp, Regarding our ongoing discussion, it is now clear that to maintain my position that it is possible to have two parcels of diamond with the same price and diferent percentages of gem diamond, the average value of the gems must difer as well. So be it...That is likely closer to reality anyways....especially at CSO sites..... regards, teevee
Author: Diamonds -- Date:1999-03-23 21:30:58 Subject: Teevee Just too add this. All diamond parcels contain different grades of stones as well all different sizes that make up the parcel of diamonds being sold.That makes all parcels being different values as well.With this approach De-Beers sells all stones to different buyers thus controlling the market.If I remember correct no one parcel is the same nor is the price the same for eadh parcel. Just my 2 cents worth.
Author: WillP -- Date:1999-03-23 21:58:11 Subject: Teevee & Diamonds 'Diamonds' impression of the CSO sights is quite accurate from my perspective. The parcels aren't exactly randomly put together...but they might seem so to a casual observer. I'm sure they do have a method in their madness, and one designed to maximize control, profit, and such things. Go figure. 'Teevee': There are a number of uncertainties with our debate. The biggest one is...we don't know the bulk sample results. I believe I based the figure for Snap on $220 per carat, or some such number. It could be lower...but could well be much higher. We also used the 15% and 30% and 50% figures. I'm not sure of the veracity of those numbers. I'm doing some calcs on that...might get an answer I would put confidence in...might not. "Regarding our ongoing discussion, it is now clear that to maintain my position that it is possible to have two parcels of diamond with the same price and diferent percentages of gem diamond, the average value of the gems must difer as well. So be it...That is likely closer to reality anyways....especially at CSO sites..." Sometimes doing the math yourself will be what's required. I'm sure it was a worthwhile experience...at least I hope so. For my part...the debate has prompted me to upgrade some of my more dated work...A154 being one of them. As to the CSO sights...yes, as red implied...the parcels are probably like snowflakes. No two are ever alike. However...the question is what average parcels can Canada produce. Regardless of the varying amount of bort...all of Canada's now and future mines are going to be able to field a major chunk of stellar gem stones. In rough terms....Diavik has twice the grade of them as does Ekati, but Ekati will have twice the production rate. They're even on that score. Based on the numbers I used...Snap could have an equivalent grade to Diavik in top quality stones, and that was using only 3/4 the per carat value returned by the mini bulk. Mind you...Snap will need a fairly high TPD figure as well to produce the quantity. Quality isn't going to be a problem, in my mind. Regards, WillP
Author: Diamonds -- Date:1999-03-23 20:45:12 Subject: Paint is still wet
Nobody on SI said there was news coming tommorow.
Where did you get that???????????????
Author: WillP -- Date:1999-03-23 21:44:37 Subject: See What I Mean :-) "Diamonds" You lost me there for a bit. Then I looked at the lead post on this thread. :-) See...something got lost in translation going directly from SI to here. That's only a one step repetition, too. :-) "Diamonds" is correct. Nothing was stated on SI implying that there would be news tomorrow. Actually...I checked, and 'red' did say: "We're on the verge of some big news coming." That's not saying the news would come tomorrow however. On a completely different matter: I tend to agree with 'red's interpretation of the dispute...I do think it will ultimately be settled with some relatively smaller consideration offered. Small to a 'spearian. Possibly sufficiently large to make Aber's AGM an interesting affair. :-) On yet another matter: When I was digging up stats for 'teevee', I went to my homepage. Hadn't been there in two weeks. About a month ago one of the search bots had caught it, and I have been picking up one or two hits a day since then. Most were from Vancouver, not a strange fact, since the only way possible to find it was to include a company's name along with some good key words. I struggled for over an hour to find it myself. In addition...there were several Canadian and a few US hits as would be expected. Even one from New Zealand. Go figure. Well..ten days ago...the first *.co.za hit arrived. There's been eleven since then. Three of them today. That would be South Africa. Now why would a South African be interested in a dinky little web page dealing with the specifics of Canadian diamond discoveries by Canadian juniors? I've prudently, albeit temporarily, taken it offline until I can update it. A slow process with all the time I spend here. :-) Cheers, WillP
Author: WillP -- Date:1999-03-24 10:51:07 Subject: Rumour du Jour
Greetings:
Well, I see the price and volume have kicked in on the 'speartoday.
Rumours abound about 'abandoned in kimberlite'intersections.
Personally...if true...I sincerely hope it's at Hilltop. That wouldbe sweet.
A source at Snap Lake isn't important. (Oh, here I goagain...I know.) The market definitely perceives it to behowever...based on it's performance today.
If the rumour is untrue...well down she comes again.
I wonder though...this rumour seems to be popping up allover the place. I'm betting on there being something to it, atleast.
Mind you...where I am hearing it from...the prior history ofverification has been spotty at best. (I'm not referring to anyinternet posters here.)
In any case...I'm still into dykes, grade, value, and tonnage atSnap Lake. Let the pipes fall where they may. And may theyultimately fall at Hilltop. :-)
In any case...after one vertical hole...there will have to be anumber of angle ones to determine rough tonnage on anypipe...real or imagined.
Regards,
WillP
Author: teevee -- Date:1999-03-24 11:38:25 Subject: It's like shootin fish in a barrel Willp, In fishing parlance, its whats called a double header. Rumors are WSP hit a pipe at Hilltop and at Snap Lake. regards, teevee
Author: WillP -- Date:1999-03-24 12:40:23 Subject: Double Headers & Double Headed Monsters Teevee: Man, this rumour breaks all bounds. I sure hope there's an itsy bitsy bit of truth embedded in here somewhere. I've heard the "we found the pipe" rumour for about six consecutive years now....and so far, nothing. Each time the official word of nothing came out...thud. Down she goes. I'm sure many of you were bleeding with me last spring at $0.43. Rememberances of past rumours help me keep things in perspective. The difference this year...is we don't need a major source. This is a first, for Winspear. I do like this time of year...it's always fun to hope. It's far more enjoyable (for me) to grind through numbers of viable projects than to rely on fanciful dreams. But every now and again...a fantasy hits. It's a bit like November 22, 1963. I know where I was and what I was doing when A154-2 hit, for instance. Here's to one of the pipe dreams coming true for Winspear. Personally...the long term gain in share price will come from a Hilltop strike. Hmmm...Hilltop....grassy knoll....maybe it's an omen. It's abundantly clear to me that the market really, really wants a pipe at Snap Lake. I really don't understand that...but there it is. Of course...finding one would not be a bad thing. :-) Cheers, WillP
Author: Diamonds -- Date:1999-03-24 16:06:53 Subject: Taking Note The air is full of Rumours. What will be uncovered at Snap Lake or Hilltop? The monster or the mother of all monsters???? Better wait I think were in for a wild ride on the frozen tundra. Huge Volume today as were theres smoke theres fire. Something is definitly burning out there boy if only we new for sure. Looks like were heading into round two of the Great white north diamond front. Who will win this race and how many mega deals will we hear about? Happy Racing on the Frozen Tundra.
Author: gee10 -- Date:1999-03-24 18:16:16 Subject: Entry #7 Well *IF* we're gonna be in the big money soon I guess I better put in my 2 cents before it's too late (is this "2 cent" saying Canadian or American?). Okay I better put in my 3 cents! Carats per tonne................1.47 Value per carat............$289.00 US drum roooolllll Pay dirt per tonne.........$424.83 US (Ta Dah) Hey I'm feel a little bullish today, I think,.......and I don't think 425. US is at all reasonable so I'm sticken with this as a compromise and I'm not gonna budge no matter what anyone says. G10 P. S. And first place might bring...............? (Randy, if your out there..........this is your cue)
Author: ScoobyDoo -- Date:1999-03-24 18:36:39 Subject: Confirmation of Rumour Thought that might get yer attention ... just practicing. We need to have fun in life afterall :-) WillP ... kudos on your web page, yer a sly dog. You continue to amaze me ... tracking page hits? Good work! You seem to have an angle for all. Re: Rumours ... considering the source (Red), market action, and now WillP's web counts, I consider the matter quite credible. WillP your comments seem to suggest there's something at hand here (i.e. not much geology/stats lessons in last few posts). What gives? Had a few beers or getting excited (although, you strike me as a level headed individual who doesn't get too carried away)? You're not the only one as I 'feel' the same way. Here's hoping ... Scooby
Author: WillP -- Date:1999-03-24 18:56:09 Subject: Rumour Proved Unfounded Actually...I'm just practising too.... "WillP ... kudos on your web page, yer a sly dog. You continue to amaze me ... tracking page hits? Good work! You seem to have an angle for all." Umm...it's pretty common, actually. But, I do try to cover the angles. :-) I don't know if it means anything...but I did find the *.co.za hits interesting. "Re: Rumours ... considering the source (Red), market action, and now WillP's web counts, I consider the matter quite credible. WillP your comments seem to suggest there's something at hand here (i.e. not much geology/stats lessons in last few posts). What gives? Had a few beers or getting excited (although, you strike me as a level headed individual who doesn't get too carried away)? You're not the only one as I 'feel' the same way. I actually did a fair bit of SI research...looking for bad data from 'red'. I honestly can't say I hit upon much...and he tries to assign a degree of confidence in his info as well. Others may have more success...but that's what I found. What gives from me? Maybe your 'beers' comment is closer than you think. I'm certainly intoxicated by spring. Could be that this particular rumour is a plant by someone hoping to send it up temporarily. I can't see any other reason for false rumour. As 'red' said on SI...Silicon Investor can't do 700k in a day. So what gives then? Possibly true...Winspear denials notwithstanding. Possibly an ulterior motive somewhere. Possibly anything. From my perspective...looking at a map...I think Hilltop has high promise. If 12-15 targets
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