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Gold/Mining/Energy : Winspear Resources

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To: .Trev who wrote (15604)	3/10/1999 11:04:00 AM
From: Digger	Read Replies (3) of 26850

According to Sophie who has in Edmonton last night, one drill is either moving or has already moved from the north shore to the area where the source may be located. It is interesting that management is not concerned about tonnage potential above 5 million tons because this is sufficient for 10 years. Randy confirmed tonnage above 20 million. Sophie agreed that the release could have explained that the three holes which indicated the edge of the dyke was anticipated and thus given less ammunition to the boo birds. Interest was considerable and and special session following the main session was attended by about 250 people. It was not known whether these were the already converted or potential investors. Randy did a great job with his speech to about 600-700 people. There is still considerable secrecy required and that is to be expected and any grumbling about this suggests either ignorance of how a corporation works or is an attempt to spook potential investors. We have the geology and that is key. Dr. Stewart called the goelogy a "slam dunk'" and did a nice job explained diamond geology comparing it to gold geology which I expect most of the audience knew more about. No bombs were dropped but the maps and diagrams were well prepared and thoroughly discussed. Red was there and it was great to talk to him, he may add his comments later. We had a good time double teaming Sophie and she held her own completely. You know you are asking the right questions when she tells us she loves her job and the Company too much to comment further on a particular topic. You guys at Toronto will have a real treat, but might not get much more unless that drill is already moved and digging.

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