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Gold/Mining/Energy : Winspear Resources

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To: Rocket Red who wrote (18910)	5/2/1999 1:06:00 PM
From: Andrew	Read Replies (1) of 26850

Now now Red. You know as well as I do that this 6000 ton sample will tell all. 3.5 inch cores mean diddly if bulk is no good anyway. We get the same type of large stones and anywhere from 1.1 to 1.? carats a ton and this stock will go bonkers. That link reffered to Debeers first 2 sights of the year and not Diamet. There has been upward pressure on rough prices for about 3-4 months now and the way I see it if the valuations come back around $200 a carat relative to last years 226 carat sample that would be 200 x 1.32 = $264/carat which gives us a nice cushion for slightly lower value compared to last years $301 per carat. Now should this years sample work out to the same type of value as last years $301 x 1.32 = $397 per carat. Probably somewhere in between is what I think we will get. Some day sooner I think then later the big money will get out of the internut crap and will look elsewhere for opportunities. Andy

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