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Gold/Mining/Energy : Winspear Resources

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To: teevee who wrote (9400)	11/14/1998 11:36:00 AM
From: Patrick Laflamm	Read Replies (1) of 26850

Dear Teevee, I respect your knowledge of geology but it looks like your enthusiasm for the Spear is clouding your judgement. In post 9394 you wrote : "The trading activity today appeared to me as follows: very little shown on the bid with the offers being taken out when some modest size appeared. This suggests to me that new buyers are more sophisticated, have deeper pockets…" Sorry pal, but there is absolutely no way you can evaluate the degree of sophistication and the importance of a market participant's capital resources looking at bids, asks and depth. You also wrote in post 9400 that you expect the share price of WSP to leave ABZ in the dust following anticipated and confirmatory bulk sample results. No way! Keine chance! Pas possible! Aber's "proven" reserves in addition to their significant participation in the Camsell Lake project will keep the stock well ahead of Winspear's for the next 5 years! Do you remember when we were expecting a “P” discovery and WSP shares were trading at $4? Well, Aber was trading at a respectable $19 a share at the time… I agree that WSP offers the best bang for the buck in regards to Snap but one should remember that there is considerable risk also attached to this Co. Dear Spence, It is a fact that fund managers are still suffering from the Bre-X fiasco, aren't we all?! If they are sorely tempted to get into Winspear in a big way? I don't know… Winspear management could attract big money and eliminate all “doubts” if they wanted… how? Independent assaying! Get a reputable firm to take a large sample right in the middle of that dyke system et le tour est joué! If the grade is confirmed, the stock is an instant double or triple bagger! Easy isn't it? I'm sure all shareholders would agree to pay for independent assaying, wouldn't you? I certainly would… All the best to WSP shareholders Regards, Pahww

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