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Gold/Mining/Energy : Winspear Resources
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To: The Fix who wrote (7307)7/22/1998 9:47:00 AM
From: E. Charters  Read Replies (2) of 26850
 
I am unwilling to speculate as to why others back certain stocks. I suspect as many do that some backers do get free stock as they have an enormous influence on the market. Kaiser is not an engineer nor has he done any exploration. He seems accurate in his analysis but while seeming to be in depth it falls in my opinion into the little knowledge is a dangerous thing category.

I know Kaiser's backing out of Montello dropped the stock considerably. I suspect that is because Montello has a no-explore strategy and their 80 anomalies are awaiting a major's risk money which will be a while coming. I know the management and could have told Kaiser that.

Too bad more juniors did not do grass roots work as they used to in the 50's and 60's. They might find more mines. If you ever wonder why Only Ashton is coming up with pipes, don't. They are the only ones who have the faintest idea what they are doing and are actually drilling anomalies. (I see where Marum has poked a few holes. they need to poke about 20)

Sanford is on strike with the dyke and is contiguously kitty corner with Winspear. They have no money and are waiting for a deal. They made a deal with another group on some other ground on a farm out but New Claymore and Cambridge are the same deal as Montello (same people) --> Do enough work to keep the ground and sit on it. Wait for a buy out by a major. Not good enough I am afraid. The word amongst these promoters is never drill your claims and kill the mine while the play lasts.

Major General has some nice pipes in the Arctic but with DeBeers as partner don't hold your breath for a mine or even results that will excite you.

EC<:-}

echarter@vianet.on.ca

The Canadian Mining Newsletter
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