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Gold/Mining/Energy : Winspear Resources
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To: Patrick Laflamm who wrote (5865)5/5/1998 10:43:00 PM
From: Chris A.  Read Replies (1) of 26850
 
Hi Pahww,

I feel very strongly that WSP won't be giving up Camsell / Snap anytime soon. I know its disappointing that there was no pipe discovered yet, but we've got good reason to hang on.

As was mentioned before, Sudhir had an excellent analysis of WSP and where we stand. Based upon what he said, George's great input, and other factors, here is what you can expect...

1. Diamond counts from the recent kimberlite drilling in 2-4 weeks. The market will probably yawn, but it will confirm that we continue to have good diamond counts and the consistancy of the kimberlite dyke material.
2. A possible surprise with the summer program in locating a pipe as the dykes are being traced to a source that can be drilled from land.
(This is great news.)
3. Diamond counts from the dyke samples at least 3-4 carots/ton around first week of July. My fingers are crossed for 4.xx +.
4. Dyke material to be inferred at LEAST 10 million tonnes of kimberlite... probably twice that.

When the market wakes up to the high diamond counts w/rare colors and enough tonnage to be on par with Abers pipes, I really believe were going nowhere but up.

Be on the lookout for a surprise with the summer program.

I know your probably feeling bummed out with the share price, but better days are coming.

I will continue to buy around this level. Anyone with me?

Chris A.
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