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

To: Intrepid1 who wrote (21214)	6/20/1999 6:52:00 AM
From: Chas.	Respond to of 26850

Etc.....this lifted from the Stockhouse thread...seems news worthy, it is by Peter Bullock. It seems quite a few folks in the know are very positive . ""This stock is going to trade sideway for a month while the results from the next pit are awaited. We are supprised on three fronts but should not be surprised at all based on what we already knew. The surprises are: 1. Carats per tonne are above expectation 2. Value/carat is less per carat by 1/3 of what we should have expected 3. We have Pit 4 and not Pit 3 results out first. Pit 1 does not represent the Snap Lake deposit based on mini bulk sample results (Pit 4 is adjacent to pit 1). Admittedly this flies in the face of expected consistency of grades across the deposit? The explanation as to why remains to be seen. We can expect the next news release from Pit 3 to exceed Pit 4 in terms of value, however it remains to be seen as to what we will see terms of carats/tonne. If resource values at Snap Lake end up being represented by Pit 4 result we will still see a minable resource, however, the return on capital will be 3 to 5 years, similar to the other mines in development or operating. World Class deposits return capital investments in 8 to 15 months. Tonnage will a critical factor, however the drill indicated tonnage should be sufficient at this stage for a 20 year mineable resource at 3000 tpd (20 to 25 million tonnes accessable). I am expecting the returns from Pit 3 to exceed total value per tonne by a factor of 2. The mini bulk results from Pit 3, when considering that CF results for the rest of the deposit are in line with pit 3 and out of line with Pit 1 (which had a wierd distribution). We are now have to wait for another month to see a true reflection of the deposits real value. I would discount the addition of Pits 3 and 4 as will be reported and base my expectations of the overall value of the deposit on Pit 3 only. Peter Bullock P.S. As stated one year ago, this stock is going to the moon as it is the richest diamond deposit in Canada and will prove to be a world class deposit. Blast off is one month away. ""

To: Intrepid1 who wrote (21214)	6/20/1999 8:17:00 AM
From: Rick Hawke	Read Replies (1) \| Respond to of 26850

etc. This was not my first post on SI. However I am not usually a prolific poster, I prefer to listen to what others have to say. And yes I was at one time a subscriber to Bob Bishops newsletter along with quite a number of others. If these questions are trying to indicate I am new at this I can tell you I'm not. I have been playing the market since 1966 & have watched & participated in quite a number of plays, some winners & some considerably less than winners. What really bothered me after this NR, was the over exuberance that most post seemed to be showing & there were just too many things that weren't in the NR that scared me. All I was trying to do was to bring a little caution into the thread. I've watched these type of things happen too many times not to see the down side & to many times seen people lose money that they really can't afford to lose. Anyways if that has offended anyone please accept my apologies as it certainly wasn't my intent. Other than this stupid name calling & the seeming lack of respect for others opinions that goes on, this site & the information that can be garnered here is extremely good. Hope that answers your questions. . . . . . Rick