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Gold/Mining/Energy : Winspear Resources
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To: L. D. who wrote (7262)7/21/1998 1:59:00 PM
From: wernervonh  Read Replies (1) of 26850
 
Dont let EC get you confused, he has only a few valid points and a whole hockey sock full of negative inuendo.To wit:
WSP never said it had a pipe at snap, anomaly 186 was never claimed as a pipe;
The fissure/vein structure is open on at least two sides which could bring the tonnage up well above 10 million tons;
There is a source for the green stuff, it didnt fall out of the sky it blew out of the bowels.There is therefore prospect of finding it.
Scam is hugely unlikely, we are not talking Deguzmans here and canadian jails while somewhat akin to club-med are very unpopular with the current management of WSP.
Cost of 100/ton are way off depending on geometry and who does the processing.
Agree that ABZ didnt think too much of the prospect at the time of their decision but things have changed.
Heres why this stock is going to 20+
a)Textbooks occasionally get rewritten.The conventional geological illogic says that pipe clusters is what its all about PERIOD.Watch for a new chapter in the next edition saying that occasionally conventional wisdom is wrong;
b)current market cap is peanuts so if there is even a hint at an economic mine WSP will be bought tout suite poison pill or no (hence the 20+$)As has been pointed out it is after all an exploration company.Watch them exercise the right for their options as soon as the price allows.That alone will ensure a near term rise to around 2.50
c)the diamond market is in the tank
d)resource plays are in the tank
e)VSE is in the tank
f) wsp share price is in the tank
It cant get much worse RIGHT?
f)debeers is HUNGRY
I bet EC and his ilk have been buying like crazy or trying to cover their shorts (pun intended)as best they can.
Have a happy day
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