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Gold/Mining/Energy : Winspear Resources
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To: Intrepid1 who wrote (5849)5/3/1998 10:21:00 AM
From: Walt   of 26850
 
Like most, Im disappointed that WSP didnt find a pipe this time around.
The dyke system is still very signifigant and could turn into an economic mine if the grades from the bulk sample are good but that will take awhile to get the results.
The kimberlite breccias have me puzzled because they should be part of a pipe system but how they fit into the bigger picture now has me baffled.
Beside the dyke system WSP still has lots of ground and is one of the most active explores in the NWT which is good and one can go from rags to riches awfully fast in exploration. If the bulk sample comes back good or a new discovery gets made on the new ground there could be a quick turn around in WSPs fortunes but in the mean time it is more waiting.
Exploration is not for the faint of heart and neither is the stock market. I dont subscribe to the arguements that this is a scam or poor management to my mind it is the nature of exploration, when results and stock price is good your a hero when its not your not.
The snow has mostly gone in the YK area and the lakes have started to open up so the summer field season has started. Maybe Ill recoup some of my loses with my own discover or WSP could still pull it off with a new find or if the bulk sample is as good as the drill results from the same dyke.
regards Walt
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