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Gold/Mining/Energy : Winspear Resources
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To: jack hampton who wrote (17698)4/6/1999 3:15:00 PM
From: E. Charters  Read Replies (2) of 26850
 
The great question with WSP is do they have the value in the rock to allow mining? And how does one establish that? It is not an easy matter of drilling and seeing the stuff in the core. In fact this type of situation will not yield to drilling at all. Add to that the fact that they are not the world's greatest diamond experts and you have an iffy situation.(they thought that they could establish a micro to large diamond ratio by some kind of correlation, or that the investor's would believe that) Maybe their Dog and Pony show has the European brokers fooled but I say the Jury is out and about now they want to be let out of the hotel.

The presence of large diamonds in the deposit that have good value can only be established by finding lots of large diamonds in the deposit. This will require samples in the 50,000 to 150,000 ton range.

If this deposit turns out to have average NWT grade of about 60 dollars per ton then it is unmineable unless it is about 10 miles long and uniformly mineralized.

Bonno Chansoso

EC<:-}
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