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


To: maintenance who wrote (21746)6/23/1999 10:08:00 PM
From: LaFayette555  Read Replies (2) | Respond to of 26850
 
Maintenance,

Well first of all my previous attitude was mainly motivated by the simple fact that I lost good cash on wsp in the past. At that time we were looking for a pipe and none had been found so the stock fell appart.

By betting against wsp I felt the odds were with me.

Also,untill recentely, there was concern the 3 big stones were a freak of nature and the tonnage of the deposit was iffy.

With new info entering the market it now seems the large stones were not a fluke after all and it appears the average thickeness of the sill/sheet is substantial at 2.5 meters.

I've been following wsp for over 3 ~ 4 years now. It was always obvious they had good diamonds on their claims but the 'source' was elusive hence the eroded away pipe theory seemed a good bet.

I guess it's also a process of 'education' for me and the market : whom would have belived we were looking at a fissure 'sheet' similar in ways to the South African fissures ?? We all wanted a Pipe and none was in sight !!

So in time and with the latest release I came around to accept this was a fissure type of deposit and certainly a big one at that and that the diamonds were abundant in this fissure.

I still dont belive there is a pipe at Snap but whom cares : I dont need a pipe I just need good diamonds and tonnage and I'm firmly convinced we have these at Snap.

Now all we need is for the market to realise we got the goods and that this thing will be profitable despite the fact it's not a pipe.

These fissure deposits contain fabulous gems.. this can be a $ 50 stock : there is no physical impossibilities in this.

There U have it !