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Gold/Mining/Energy : Winspear Resources

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To: bill who wrote (81)	1/24/1997 9:41:00 PM
From: Eric Rojas	of 26850

Bill, about your question as the potential WSP wannabees (to play closeology): to the north you have Kalahari and SouthernEra jv and just to the west, a small company that I think will make news on WSP rise, Sanfred (SND.V)....I favour Sanfred simply because they are a pure play (no jv) and have less than 6 mill shares out...plus they got apparently some encouraging aerial surveys....SND is trading around 0.70 and KLA was mentioned by BB on his Jan/15 review, price went up to 1.30's range last time I saw it....... Just a note of caution on either one(SND or KLA)...don't get married too long....at this point, WSP is the only play where I think is worth to invest money for the long run... About the dike vs kimberlite, from many conversations with WSP office, they seem to be very confident that the famous "green clay" is a kimberlite (apparently they did rock analysis on it)....the question, of course, is if they will find THE motherload pipe that originated the bolders that yielded the high grade macro diamonds...

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