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

To: EIGHT-N who wrote (22589)	7/7/1999 11:15:00 AM
From: Confluence	Read Replies (1) \| Respond to of 26850

Hello Eight-N, I agree with you that most seem to think that the current results under-estimate/value the resource. I cannot think of a good reason, other than emotion. It would seem that the most likely results of the next bulk sample would be reasonably close (+/- 10%) to those of the last bulk (US$182). If they are higher, well, great, but it would demonstrate that the resource is not homogenous, and much more work would need to be done in order to understand the orebody, especially to the point where someone ponies up $100+ million to develop a mine. Results dramatically different from those already encountered would likely mean a delay in the decision to mine, which would obviously be a negative for share prices. I think the best result would be a bulk sample worth around US$200/tonne, with some nice teaser stones, and a grade roughly the same as the last sample. This, along with good CF results, could lead to a positive mining decision this year, with further good news to come down the line that might lead to increased value per tonne and other good things. Just my thinking, Confluence