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

To: Rocket Red who wrote (20946)	6/18/1999 11:29:00 PM
From: teevee	Read Replies (2) \| Respond to of 26850

Rocket Red, At first I was disappointed BUT when these results are considered in the context of the initial results from the mini-bulk, they appear to be a modest improvement. Pit one results were about 25% of the value of the total value of Pit#1 and Pit#2....What this means is that the average value was about twice that for Pit#1 or an implied value of $US343 per tonne.........the implied value per tonne of Pit #3 is about $US181/tonne.....IMO, Pit#4 will duplicate or be modestly better than Pit#2, so when Pit#4 implied value/tonne,to be reported late July, is averaged with Pit#3(todays results), I expect we will see implied average value per tonne come in around $US360/tonne. This is within 5% of the mini-bulk sample results.......I hope I have succinctly and clearly explained why the results are in fact very good and that we should all expect to be patient until the results from the next 3000 tonne sample:-))I doubt this analysis will be missed by the analysts and well advised fund managers who will in all probability, be scooping up any cheap stock that may be dumped on Monday.....I am holding, and if there is a big sell off, I will buy some more......if anything, these results should add confidence.... regards, teevee