Trump's 12 Diamond Picks, Discussions Limited Message Board

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Gold/Mining/Energy : Trump's 12 Diamond Picks, Discussions Limited

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To: The Fix who wrote (967)	6/29/1998 2:28:00 PM
From: VAUGHN	Read Replies (2) of 2251

Hello Fix You are more than welcome and glad to help. I believe Walt can speak to the permit issue more knowledgeable than I, but if you are simply talking about drilling on an outcrop, then I believe the applicant need only indicate how many and where and I believe each is logged. If you are drilling in or near a body of water, however, there are additional permits involved from Fisheries, and if I am not mistaken, also from Environment. There is of course the usual Workman's Comp. paper work and inspections, etc. The authorities are now very concerned with drilling mud and drill fines getting into the water and eco-systems. As far as trenching is concerned, I would imagine the same "fines" concerns would exist but beyond that again you should ask Walt. Bottom line here Fix is that the stone size is obviously exciting, but the matter of ore quantity remains an open question. WSP will have to dilute share equity at some point so personally, with quality plays like ABZ and DMM down right now, I would not anticipate that any euphoria will sustain WSP's share prices very long with the word "pipe(s)". Watch out for the shorters playing this one. Regards

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