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

To: gemsearcher who wrote (21221)	6/20/1999 10:03:00 AM
From: james flannigan	Read Replies (2) \| Respond to of 26850

Gemsearcher George Albino statement $US170 per t would justify a mine if grades exceced 1.1 kt pt if grades exceed 1.5 $US150 would be the threshold for a mine.Clearly at 1.84 kt pt from the lowest pit in the sample,we will easly surpass the minium for a mine.In fact the mine will be away above average cashflow.Ithink with the 1.8 Kt pt i would think the theshold now to be somewhere around US115, When the other pit comes in and i expect we will increase the overall grade up over 2 kt pt the threshold may drop to less than $US100, Mining cost are caculated at US$75 allowing for a 35% built in highrer mining cost.Again clearly we have one of the worlds most profitable daimond mines in the making, anybody that sells monday just dont get the picture. Hope this helps James