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Gold/Mining/Energy : Winspear Resources

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To: teevee who wrote (8514)10/20/1998 8:47:00 AM
From: Chas.  Read Replies (1) of 26850
 
Hi TV........ I am in agreement with the first part of your post, a 5000 ton bulk will have to be performed and is stated by Wsp that it will be this Winter 98/99, I am assuming they will use the Diavik plant for their processing since Aber is the JV and has a very much invested and cash anticipated interest in the play, this is assuming Diavik can handle a 5000 ton bulk across their present schedule.Remember the potential of the bulk is appx. 5000T x $343/t = 1,715,000 US bucks....so there is a bit of incentive to complete the bulk across the 98/99 winter program....not to mention that if all goes as anticipated re. distribution, grade, value, quality.... that open pit mining/extraction could commence almost immediately on the land based portion of the dyke system and both Wsp and Aber are in need of ready cash and this could be their best short term chance at it...also....positives regards the bulk are about the only thing that will restore confidence in the "joe six pack investor" and "serious money" as you put it. The Resource Sector will continue to languish until a couple of major league, confidence building, big time events occur. To list those potentials is another story...not enough time here now....must head off to a days work now, several important sales calls to make, deals to be made, never ending process you know........ Eric Good to have you back, enjoy your banter immensely........later folks
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