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Gold/Mining/Energy : Winspear Resources
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To: ddl who wrote (10565)12/16/1998 1:34:00 AM
From: teevee  Read Replies (1) of 26850
 
Hi Dennis,

<<<<Still can't get seem to figure out what all the hooplah is about the next bulk sampling we are waiting for. anyone? >>>>>

In a nutshell, very few people understand that the results from the two 100 tonne samples are representative of the grade (carats/tonne) and valuation ($ per carat) and that tonnage of the cone sheet is very very large(easily in excess of 50 million tonnes). When the bulk sample results duplicate the results in hand, the stock price will rapidly rise to its real value which is well in excess of $20.00 per share IMO. If Snap Lake were a kimberlite pipe which broke the surface, I would not expect the results from only 200 tonnes to be representative. A very large sample is required to have confidence in the grade determination for a kimberlite pipe-usually at least 10,000 tonnes. This is because pipe emplacement is a phreatomagmatic event which explosively disrupts the magma, dilutes the magma by unevenly mixing it and diamond with country rock, breaks diamond octohedra etc. In contrast, emplacement of the cone sheet happened at depth-the emplacement process was not phreatomagmatic hence no dilution of the magma and little or no breakage. It should also be noted that mineral chemistry indicates the magma originated from about 300 kilometers depth versus about 200 kilometers depth at Ekati. This is be reflected in the higher quality of the diamond(less or no inclusions and whiter color). I hope this is of some help to you.
regards,
teevee
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