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Gold/Mining/Energy : Winspear Resources
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To: Rocket Red who wrote (21192)6/20/1999 12:32:00 PM
From: teevee  Read Replies (2) of 26850
 
Rocket Red,

RUMOUR ALERT

This rumor(to me from Calgary of all places) is supposedly out of CC late last week-diamond parcels from the Plant are shipped through Yellowknife and on to Antwerp once a week(that is why such a fast turn around for pit#4)-on the coarse first pass for the big clunkers from pit#3, the big diamonds were like "raisons in a pudding"-those in the know at CC are so excited they evidently can't contain themselves:-).....Next week should be VERY interesting trading:-))

Assuming that Pit#3 and Pit#2 implied value per tonne are more representative of the value of the sheet as a whole(if you believe Kaiser the value of pit#3 should come in at 3 times the value of pit#4 or; if you prefer to rely on the CF data, the value of pit#3 should come in at 2 times the implied value per tonne as pit#4), there could be very big upside to DSP.....With 50 million shares outstanding when everyone thought that there was only 3 to 5 million tonnes resource, the market cap on WSP was $150 million......there is now a possibility that the sheet could extend onto the DSP ground to the north.....With only about 5 million shares oustanding, if 3-5 million tonnes of of the sheet extend onto the DSP claims, the DSP share price could go a long way up:-)I am holding my DSP until a get a drilling update....

regards,
teevee
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