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Gold/Mining/Energy : Winspear Resources
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To: Rocket Red who wrote (21180)6/20/1999 12:08:00 AM
From: mineman  Read Replies (4) of 26850
 
Possible reasons management did not release the value per carat for the 88 largest stones:

(1) All 88 stones are worth under $100/carat or 5% of the $2,000/carat of the 3 largest stones in the 200-ton sample which indicates the 200-ton sample was SALTED,

(2) Management felt that although the dollar value per carat of the large diamonds are crucial to the economic potential of a diamond project investors did not deserve to know this vital information,

(3) (These are all I can think of; can anyone add more??)
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