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

To: russet who wrote (22691)	7/9/1999 1:24:00 AM
From: teevee	Respond to of 26850

russet, """At the moment, we only know what management wants us to know about the geology. Diamonds are there, no doubt about it, but the best sample is the last one and it says $98US per carat and 1.845 carats per tonne (but don't forget that .6 carats per tonne is probably valueless - Indian goods as teevee would say). It only showed up because the processing was better, so says RT. That leaves $98US times 1.245 = $US122/tonne. Anything more is fantasy, Alice in Wonderland"""" First, if you cut the grade to 1.245 carats per tonne by removing the near worthless small stuff, the average value would increase to about $US145.00/carat. The implied value per tonne would still be about $US181.00/tone...... Second, your potatoness, should have a dip in the deep fryer after you post, not before:-)) regards, teevee

To: russet who wrote (22691)	7/9/1999 6:45:00 PM
From: Confluence	Read Replies (2) \| Respond to of 26850

Hello russett, most sensible of potatoes, Good, informative post. More people should have lower expectations about WSP, as it seems that the CF data will now be quite a while away. Does this mean they are having trouble interpreting the data? Or are the labs just slow? Maybe teevee knows. My hunch is that the data points to a less than homogenous orebody that will need much more work, possibly explaining the need for a permit to do bulk samples of 40,000 tonnes. Today's press release was well written and informative, but really just served to inform investors that results would come later than expected. I just wonder why WSP felt this need at this particular point in time. The other bulk is expected soon, so why not save this "non-news" for that release? Just my opinion, and russett seemed all alone, Confluence