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Gold/Mining/Energy : Winspear Resources
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To: Claude Cormier who wrote (18986)5/3/1999 5:28:00 PM
From: D.R.A.  Read Replies (3) of 26850
 
Claude,

What I believe WSP truly has is a large tonnage type II kimberlite sheet or cone sheet that dips at approx 15 degrees. All indications are that they have 10 to 15 million tons of this kimberlite with more to be proven up. The cf results to date indicate uniformity in the grade of the holes tested. The questions that need to be answered are will the value hold up to the mini bulk samples? And will the grade hold up? As someone who speculates in WSP I happen to believe that it will.( on many stocks I have been wrong and I will be wrong again.) You are quite correct in pointing out that no one knows what WSP truly has and I should have rephrased it, however in doing my own DD for my own speculation I am very comfortable with my purchase. When we all know exactly what WSP has and are 100% sure, it will be too late to buy the stock for there is no need for speculation and all the money will have been made or lost. I can honestly say that by listening to this thread and others that many have a hard time with the concept of the cone sheet theory. Good for them, for it really makes no difference to me how my guests arrive at the party, it's that they have arrived. I'll leave the problems of parking to the drivers. Thank you Sudhir for your contributions.

regards,

DRA

PS as of today nothing negative has come out of Snap Lake. Isn't it amazing that if the same criterion were used on WSP as with other spec stocks WSP would be trading at much higher levels. ( 15,000,000x 301.00us x 10% divided by 42,000,000 shares x 68%=???? US)
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