Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Confluence who wrote (21118)	6/19/1999 3:26:00 PM
From: teevee	Respond to of 26850

Confluence, """If the CF data results were consistent everywhere except near Pits 1 and 4, then why would this location have been used for the bulk sample that Turner was reported in the Edmonton paper as saying would be used as part of the feasibility study? Clearly, this doesn't follow.""""" Wrong again Confluence......this location was obviously used to empirically validate and establish confidence in predicting grade based on CF results!!!!What IS CLEAR is that RT and Winspear are not making any assumptions(it is the "show me" approach and I am extremely comfortable with that).....they are empirically establishing grade and grade prediction by taking larger samples in conjunction with caustic fusion data from each core, for the entire deposit.....prior mini-bulk results from Pit#1&2 were consistent with CF results from pit#1&2.....this has been confirmed with the 3000 tonnes from pit#4, located beside pit#1.....I now have much higher confidence in the outcome of the 3000 tonnes from Pit#3 which will be reported late July......should the results from both Pit#3&4 confirm the Pit#1&2 results, this can then be extrapolated with the CF results from over the rest of the deposit.....Given that the CF results for Pit#3 area are about double for Pit#4 area, this infers that the combined grade should be about $US270/tonne......If we consider that the value per tonne of Pit#1 represented about 25% of the value of Pit#1&2 combined, this suggests that the combined results of Pits#3&4 could come in as high as $US360/tonne......the larger size of the 3000 tonne sample from Pit#3 versus Pit#2 will give a more accurate and empirical estimate of where between the projected grades of $US270/tonne and $US360/tonne we should come in at....happy speculating......I prefer to hold special situations like this based upon the comfort of informed and REASONED investment decisions....this strategy carried my through the gut wrenching share price gyrations of Arequipa and Diamondfields......no doubt there will be, in hind sight, lots of trading opportunities for short term "longs" and "shorts".....in addition to leaving big gains on the table, I hope you are not part of the 90% that lose by attempting a short term trading strategy:-) regards, teevee