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Gold/Mining/Energy : Winspear Resources
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To: E. Charters who wrote (13382)1/26/1999 10:09:00 PM
From: Gord Bolton  Read Replies (2) of 26850
 
Good evening Eric. Wow six posts to the WSP thread in a couple of hours. Something must have caught your eye.
Looks to me very much like it is beyond a doubt that we have a very homogenius body of kimberlite here. I think that that was the question that was bothering some people.
From carefully reviewing previously released information and applying what little I know of statistics and probabilities I was quite comfortable with my investment in Winspear. There was very little of surprise in the most recent results.
Thank you for reminding us all that this is a speculative stock at this point. Winspear is obviously not in production and does not have a P/E. Like any other exploration program we can only examine the information provided, compare that with what we know and do our own extrapolations. If we wait until they are in production before we decide to invest some money we would probably be examining conservative mutual funds instead of diamond exploration programs.
What we do know is that Winspear;
* has a very abundant micro-diamond count which seems to be uniform through out the whole area.
* has a very good proportion of macrodiamonds in relation to microdiamonds.
* has large macrodiamonds from the mini-bulk sample.
* has a large proportion of high quality diamonds.
* has a large proportion of clear fancy colored diamonds.
* has already drilled off enough tonnage to support a profitable mine with a great return to the shareholders.
* has potential to greatly increase the size of the Snap lake deposit in the next couple of months.
* has exploration programs underway on other properties in the area with very positive indications.
* has a large budget tagged for immediate work including a 6000 tonne bulk sample which will add confidence to the data base used to project economic predictions for a mine.
* programs are in place to create a Canadian Diamond cutting industry.
* will have access to the American market and is in no way dependent upon DEBEERS.
* funds in place for the current program and will in all likelyhood have little difficulty raising financing for mine development if the bulk samples provide further positive results.

Your prediction:

To: c.r. earle (13356 )
From: E. Charters
Tuesday, Jan 26 1999 6:58PM ET
Reply # of 13396

We are looking at $1.50 to 1.90 tomorrow. Major sell off. 2,000,000 shares or more.
The 6000 tons will be long time coming. On the bright side those who play from the
much cheaper price will be able to do it all over again :)

sounds and smells like salty grapes

You obviously should have been buying on good results last spring instead of making wild and spurious allegations and accusations.

There may be plenty of good news between now and the evaluation of the bulk sample. If you want in Eric, you will have to pony up and catch the train. It will not be stopping or coming back for you.
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