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

To: E. Charters who wrote (92)	6/21/1999 1:50:00 AM
From: Rick Hawke	Read Replies (1) \| Respond to of 99

Ernie, again thank you for your timely & informative post. If it's not too much trouble I have another question. If you are aware of a method of testing that would better define the economics of the site it only seems reasonable to me that their consultants would also be aware of this method. Is there some reason that they would not use it especially if as you say it would make the property much more bankable? Is this method prohibitively expensive or is the equipment not readily available or is it just another one of these companies that are promoting the hell out of something that they don't really care weather an economic mine exists or not? Also I'm not sure I understand what the statement means about the small diamonds are not on average a good correlator with large stones. Are you saying here that it takes large stones to make a feasible mine and is this why the number size & quality of large, if any, stones were suspiciously absent from the news release? Sorry to be such a pest but you seem to be the only rational source of information I can find. Thanks again. . . . . . . .Rick

To: E. Charters who wrote (92)	6/21/1999 11:39:00 PM
From: Walt	Respond to of 99

If I understand it they have a dyke/sill/fissure up to fifteen feet wide down dipping 10-15-20 degrees sandwiched between granite. The kimberlite I have seen from snap is a grey fairly hard and consistent rock so I don't think they will run into the ground problems DHK and Diavik had with ground stability. I agree sampling something like this and extrapolating results is tricky. I view last years mini bulks and this years bigger bulks, not as any sort of difinitive grade calculation but as a method of determining "should we proceed". In my view the answer to that is a resounding yes. the drilling has shown the dimensions of the dyke and the bulks a grade worth presuing. Some ore bodies you just have to mine to determine the real grade but as they proceed with mining they should through sampling get a handle on grade calculating. It would be akin to taking out a round run a sample and that tells you weither you took out a round of ore or waste. The clunker here is one or more real large stones can pay for removing and processing alot of waste. If they start mining and find a few truely large stones, then they are away to the races. As we all know some large mines can produce alot and barely break even while some small mines can make alot, if the grade is there. Time will tell but my quess is they start an open pit and process on site, followed or in conjunction with, a ramp and underground testing. regards Walt