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Gold/Mining/Energy : Winspear Resources
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To: ddl who wrote (12017)1/15/1999 12:40:00 PM
From: bill  Read Replies (1) of 26850
 
ACA has reported on K11. Two decent diamonds but they're abandoning
the pipe as it is not economic. What we are watching is the
simple fact that there are a lot of kimberlite pipes in many
places, some of which are diamondiferous, but very few that are
economic. That is something that has been stated many times.
Posts on this thread have pointed that out repeatedly. The fact
that WSP has got as far as it has is a credit to the company.
However, the proof is yet to come. Only the bulk sample results
will tell us whether we should have gone long or short. Nobody
every argued a diamondiferous pipe into existence.
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