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Gold/Mining/Energy : Winspear Resources -- Ignore unavailable to you. Want to Upgrade?

To: Digger who wrote (20764)	6/18/1999 1:06:00 PM
From: D.M.	Respond to of 26850

Just got these posts from the Stockhouse thread. Hope they don't mind: Heard from a broker at C.C. this morning that the results are going to say; Lower Valuation & Higher Grade Count. May be taking the company a long time to put the best spin on the news.If I remember correctly, Ekati mine is running at US.$144.00 per carat on the last sale. I believe that thru feasability stages they were quoting somewhere around US.$90.00 per carat. Diavik has stated in their feasability that they have an estimated value of US.$56.00 per carat.Of course grade count has to be factored in.WSP had an extremely high valuation at US.$301.00 and I think the market will expect a lower value. We can only hope the grade count goes up enough to offset the lower value. Anybody heard similar reports. LP Called them this morning! They advised that the announcement will be after closing today. Why a two day Halt I asked? They expected all results would be in yesterday. However, they did not get them all until late pm. They are very weary of leaks and wanted to ensure fairness to the shareholders today and not release partial results. As a long time holder of this stock I have watched wsp exec's mature in their approach to handling investor relations. They are doing the right thing by their investors. As an early and long investor in Dia Met I can tell you from my experience only, the way wsp has progressed and the moves they are making indicate this will likely be a mine. I'm confident we'll be receiving good news!! Regards Doug