Kaiser says Snap Lake resource gets a boost
Winspear Resources Ltd WSP
Shares issued 32,806,333 Oct 21 close $1.62
Thu 22 Oct 98 In the News
John Kaiser, writing in an Oct. 20, 1998 Bottom-Fish Tracker, says the
price of Winspear Resources, then $1.76, has been boosted by a growing
realization that there may be much more to the Snap Lake diamond prospect
than was thought previously. Mr. Kaiser most recently recommended the stock
on Oct. 7 at $1.13, while four earlier recommendations range from a high of
$3.61 in February 1997 to a low of 52 cents in June 1998. In the current
report, the California stock picker says buried in Winspear's recent
technical assessment was significant news that the Snap Lake dyke system
exists north of Snap Lake and more than two kilometres east of a known
outcrop on the northwest peninsula. As a result, this dyke system, which
before held the possibility of hosting an economic dyke-style mine, may
contain at least five to 10 million tonnes of kimberlite -- and possibly
much more. Mr. Kaiser adds that his previous $5 to $10 target could simply
become a stepping stone to much higher prices.
I also agree with Chuck, your material is good reading... |
