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Gold/Mining/Energy : Winspear Resources

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To: teevee who wrote (19400)	5/17/1999 12:51:00 PM
From: gemsearcher	Read Replies (1) of 26850

Hello teevee. The long-accepted forecasted M-1 grade was 3.3 in situ/2.25 recoverable , with an avg.value per carat of $150. N0body in the market ever expected the overburden grade/value to continue into the primary kimberlite (viz. the TD, FM , NB , ML , BOE and Yorkton analysts reports). Lower per carat value in Q1 attributable to lower DB price book and the fact that the diamonds in the weathered kimberlite not as valuable as overburden/ unweathered kimberlite. As for swapping SUF for WSP , with all due respect for and best wishes to, WSP, I'll pass. Regards

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