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Gold/Mining/Energy : Winspear Diaminds (Bulls Board)
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To: freddy who wrote (51)1/30/1999 10:19:00 PM
From: teevee  Read Replies (2) of 1172
 
freddy,
An analysis of the results in the last NR clearly indicates, IMO that the grade of the 6000 tonne bulk sample will come in above the two 100 tonne samles to date (1.14 carats per tonnne). I expect the average value per carat to increase as the quality should stand up with more larger stones recovered(some in the 30-100 carat size range). This is precisely what happened to SUF's valuations in South Africa at their pipe when they increased the size of bulk samples-grades and average value per carat went up dramatically with the recovery of more large stones. Also, the micro diamond results posted in the last NR suggest grade continuity to me.
The way the market has acted to the results to date seems to indicate that it will take someone like RTP or DeBeers to start buying the stock to get the share values up to a fair price. What are your ideas on this? Were you at the Roundup? I suspect the previously unpublished diamond size distribution curves presented in the talk by Malcom Thurston, entitled "Geostatistical Analysis of Diamondiferous Ore Bodies" might have been from work he is doing for Winspear? If they are, I doubt this would have been missed by RTP or DeBeers personel in the audience, in which case I would like to think that we shareholders could reasonably expect an offer by De Beers or RTP and prior to the bulk sample results.
regards,
teevee
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