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Gold/Mining/Energy : Winspear Resources

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To: Bearcatbob who wrote (6106)	6/20/1998 4:08:00 AM
From: bill	Read Replies (1) of 26850

Geologist friend of mine says there has to be a source but that it might be no more than 100 or 150 feet across. Dykes can go on for miles. Think of dropping a plate. Breaks into a number of pieces. Then pushing liquid up from underneath. The spaces between the pieces fill up. The source might not have been great enough to have come to surface as an erupting volcano. Could be deep beneath the surface with kimberlite only coming up where there was little resistance. However, the hope is that it vented somewhere. Maybe Walt could explain if there is any cumulative evidence that there was a volcanic explosion in the area. At one point WSP made quite a bit of noise about the angularity of the boulders they found. That seemed to indicate that they were close to an explosive force. However, I've had questions about that line of reasoning. Given the widespread network of dykes and sills, could it be that the boulders were what was left of a dyke close to the surface? If the peculiar formation (which seems to have WSP's expert geologists flummoxed) also means a sill deposit of 10 mil tonnes that includes a percentage of large diamonds and colored diamonds of gem quality, the lack of a pipe source won't be so important. Just going to have to wait until RT announces both the values and the characteristics of the stones. We've got kimberlite, we've got diamonds, we've got large diamonds, we've had colored diamonds previously reported. It all looks good. Now, just give us a high valuation. Someone in the past seemed to have a line into ABZ and what people there were buying. Anyone know who was doing all the buying just before the results came out and right afterward? If it was people in the business, then the vote is really bullish. If it was a bunch of buyers who don't really understand the business, then it doesn't mean much.

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