Au Contraire, everyone on the street knows you got hurt really bad before shorting Winspear. Your portfolio looks great because you left out your biggest loss.
And who are all these other newbie fekking aholes polluting this thread with their distortions? Winspear's results are as good as it gets in the diamond business.
Here is an example of a bad bulk sample and evaluation: Note the evaluation in those days came three months after the diamond count.
Results were originally released August 5, 1994. The stock prior to that date was $6.00. Also note the highlighted tonnage, grade and valuation.
Dentonia Resources Ltd -
Tli Kwi Cho diamond valuation results
Dentonia Resources Ltd DTA
Shares issued 8,779,508 1994-11-17 close $0.55
Thursday Nov 17 1994
Also Kettle River Resources Ltd (KRR)
Also Horseshoe Gold Mining Inc (HSX)
Mr James McInnes reports
DHK Resources, equally owned by Dentonia Resources, Horseshoe
Gold Mining, and Kettle River Resources, has been advised by
joint venture manager Kennecott Canada of the results of the
diamond valuation from the Tli Kwi Cho (DO-27) kimberlite
bulk sample extracted earlier this year.
Of the two phases sampled, the pyroclastic phase,
representing 3,003 tonnes of sample with an average grade of
0.36 carats per tonne, gave an average diamond value of
$21.70 per carat. Diamonds from the diatreme phase, collected
from 1,258 tonnes of sample grading 0.01 carats per tonne
were valued at $33.50 per carat. The price per carat is
considered indicative of the prices which may be achieved in
a long-term selling arrangement. Only stones over 1mm were
valued. The evalutation was done by CRA Diamonds in Perth,
Australia.
Kennecott plans to obtain a 20 to 30 tonne bulk sample from
nearby pipe DO-18 in early 1995. DO-18 is approximately six
hectares in area at surface and is estimated to contain
approximately 30 million tonnes of kimberlite to a depth of
300m. Diamonds from drill core in DO-18 exhibit a higher
percentage of clear and colourless stones relative to stones
from the Tli Kwi Cho in equivalent size ranges.
Other exploration work on the WO claims will include further
testing of other diamondiferous pipes, drill testing high
priority kimberlite targets, and defining new drill targets
through detailed sampling and ground geophysical surveys. It
is expected new drill targets will be defined on the DHK and
WI claim blocks, mainly through detailed mineral indicator
sampling.
(c) Copyright 1999 Canjex Publishing Ltd.
canada-stockwatch.com
old url (better for printing) |
