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Gold/Mining/Energy : Winspear Resources
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To: Claude Cormier who wrote (19022)5/4/1999 11:03:00 AM
From: Sudhir Khanna  Read Replies (1) of 26850
 
Claude,

I consider the market to be smart and efficient in that what is known and understood, by the majority, is usually built into the price. As a chartist, I expect you agree with the above statement. Most agree that quality is not yet understood with any statistical significance. Most agree that grade cannot yet be stated with any statistical significance. Over the last few weeks the implication of available tonnage has improved. We have also seen an improvement in the price along with this understanding. With the above in mind, I do not believe that the potential of the dyke is built into the price. I will be selling when people stop asking others to guess at the grade and valuations.

The greatest risk is not in the product but how you manage the product. Most on this thread were early participants in WSP. I have been in since the $0.60 range and have taken profits over and above my original capital along the way. I have suggested the same in the publication. With this in mind, we have managed our risk and thus are able to hold for mother natures judgement.

You are absolutely right in that new participants will be taking on greater risk and that WSP should be compared to other opportunities before making an informed decision regarding speculation.

There will always be other opportunities. One does not have to catch all of them.

Sincerely,
Sudhir Khanna, P.Eng.
Editor, The RESOURCE INDICATOR
goldsheet.simplenet.com
Free Trial: mailto:khannas@interlog.com?subject=SI_WSP
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