WillP Speaks on Winspear Message Board

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Gold/Mining/Energy : WillP Speaks on Winspear

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To: Tomato who wrote (1)	2/16/1999 11:00:00 PM
From: teevee	of 177

Tomato, Author: Douglas -- Date:1999-02-14 16:56:54 Subject: Small Points WillP I am very much enjoying your posts but wonder how someone who is so careful in their research and calculations can be "casually" wrong about several matters which I am sure you are well informed on. You state being in ABZ and WSP gives you exposure to Hilltop and Carat but ABZ is in neither. Hilltop is 100% WSP although there is a smaller group of claims in which SUF and friends have 20%. Carat is optioned from Tyler and somehow I don't think you forgot who they are. KLA last time I looked had 19% of Back (not your suggested 10%) and 30% of McKay. From a careful reading of what is in your posts (plus what has been carefully avoided) I believe you are in a senior position with one of the jnr NWT diamond players (and I have a good idea which one). I cannot decide if you are even more bullish than Teevee or not; behind the cautious model you offer up we see you have made many conservative assumptions and deleted all stones over 30cts from your estimates. You suggest however that we could see 2.00cpt @ $175ct which would be great but what I find particularly interesting is how you concur with Teevee on the larger stone predictions although I am sure your offering of 0.5stones above 99.99cts is intended to satisfy everybody (if there isn't one your prediction is correct and if there is you "inferred" its presence). But really didn't you fail to mention several possible stones in the upper sizes based on your unmodified stone size distribution curves? Sure, they may not be there but your data suggests they will be doesn't it! Only thing I didn't like with Teevee's prediction of a per ton value from the larger inferred stones was his 100% "top quality" assumption for them. Come on Teevee you must admit it is EXTREMELY unlikely they will all be several thousand dollar per carat rocks. WillP keep up your posts for as long as you can; somehow I expect you to be too busy later in the year to keep up your contribution here. Douglas. Top Reply Author: The Doctor -- Date:1999-02-14 17:39:56 Subject: Douglas, you read my mind. Was happy to see someone else with the same thoughts as I re: WillP. I also agree the quality of stones Teevee is expecting is unreasonable, and based on data from region, highly unlikely, if not impossible. Eyes wide open. Have fun! Doc TA

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