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Gold/Mining/Energy : Winspear Resources
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To: Tom Cat who wrote (13059)1/21/1999 11:10:00 PM
From: Cohiba  Read Replies (2) of 26850
 
Tom Cat, Prove what?

That is statements that there is no tonnage are wrong?

From Jan 7 NR:

"A drill program comprising a minimum of 15000 metres is designed to identify between 3.5 and 5 million tonnes of kimberlite for a feasibility study and to outline an additionnal 3-5 million tonnes.
(...) Work will initially concentrate on the north shore to test for additionnal tonnage and to test the possibility of obtaining a bulk sample in this area. Simutaneously, holesss will be drilled from the ice on Snap Lake east of the NW peninsula t o test the continuity of the NW dyke and to prove up additionnal tonnage in this area."

So, we're taking between 3.5 to 10 million tons already and we are not talking about the west shore or the south shore or the feeder or...

Kaiser's tracker dated Jan 13:

" In this scenario a 20 million tonne resource would take at least 10 years to deplete. We can already see a rough outline for such a resource in the northwest quadrant of Snap Lake system, so it doesn't really matter if the kimberlite dyke intervals in the southern quadrants hang together.."

If you look at the map on Winspear site there are three quadrants on the south shore. Kaiser does not even take them into consideration when taking about a 20 million tons resource.

If I recall, David(?) James (Canacord) and Sudhir Khanna are also pretty confident that the resource is at least 20 million tons.

So, what the hell, François is an experienced investor so I should rather listen to him!

Cohiba
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