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Gold/Mining/Energy : Winspear Resources
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To: The Fix who wrote (12129)1/16/1999 10:16:00 AM
From: Jim P  Read Replies (1) of 26850
 
Hi Fix,

You have to decided which of the larger stones came from which pit an subtract them from the total carats for each pit. Its not far off.

Total stones is 1387 which equal 226.72 ct. 3 stones were 25.28 ct and 25 were 67.72 ct. 226.72 less 25.28 less 67.72 equals 133.72 ct weight of the balance of the stones. 133.72 divided by 2 (representing two 100 tonne sample) equals 66.86 carats/tonne. Does this sound right to everyone, I am open to correction.

My calculation actually gives worse per tonne figures. Strangely enough 226.72 ct. (amount reported) less 75% (Kaisers suggestion) is 56.68 ct. Pretty close.

The market has already reacted in part to last nights release. I have been in this game long enough to know that although most of us did not know the release was coming many did and knew exactly what it meant. So if the price went down yesterday will it go down on Monday? We have until then to figure this out.

Any articles out in any of the papers?

Jim
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