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

To: Confluence who wrote (21104)	6/19/1999 1:01:00 PM
From: DonH	Respond to of 26850

Confluence: I appreciate your comments. From a statistical point of view the variance (difference) between the first 2 pits meant that the much larger sample size was required to determine what was in fact the actual consistant value of the ore. The next results, being from a much larger sample size, will display results closer to the average. I'm sure they would like to see consistancy between the two 3,000 tonne samples. And I'm sure the two 3,000 tonne samples will be more similar to each other than the two smaller samples were to each other. Statisticaly the larger the sample size, the more similar they become. It would be a gross error to extrapolate the 3,000 tonne values from the smaller Pit 1 and 2 values, rather the smaller samples should be evaluated to see whether it is possible that they came from the larger sample. ...Don

To: Confluence who wrote (21104)	6/19/1999 1:21:00 PM
From: teevee	Read Replies (2) \| Respond to of 26850

Confluence, To make a long story short, also evaluate the results in the context of the caustic fusion data......the results were surprisingly uniform around the cone sheet except in the vicinity of Pit#1 and Pit#4....assuming Pit#3 duplicates, or like pit#4, is a slight improvement on the previous smaller sample, it will be a very strong empirical validation of using CF as a tool to confidently predict the grade of the balance of the tonnage that has had CF performed on the core.......in other words, CF results predict good continuity except in the one area around Pits#'s 1 &4.......Winspear could have only sampled around Pit #3 and Pit#2 whcih would have likely made everyone very happy over night, but what they have done is conservative and prudent and necessary to do a proper evaluation......If you remain skeptical, just sell Monday morning.....I'm sure there will be lots of liquidity........ regards, teevee