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


To: .Trev who wrote (22866)7/15/1999 11:05:00 AM
From: Sam  Read Replies (1) | Respond to of 26850
 
A little slow out of the gate this morning but managed to move up a nickel
the dyke came from some place and they may not find the source untill after they start minning
sam



To: .Trev who wrote (22866)7/15/1999 12:01:00 PM
From: WillP  Read Replies (1) | Respond to of 26850
 
Greetings:

Steve Swatton is a pretty straightforward fellow. I just want to be sure he stays that way, so I'm going to wade in here:

I asked him about the northern extent of the dyke...and whether it might extend north of the boundary. He quickly and offhandedly replied...as any scientist might...that yes, it was possible.

The reply was far too quick to imply that he placed any particular importance to the possibility. He went on to clarify that, given the dip, it would be at a great depth...about 1000 metres.

The overall implications if the dyke through some fluke did reach the boundary isn't that earth shattering. There are 20 millino tonnes now. There might be 50 if a circular dyke did reach the property line. At 3,000 TPD...that's about 50 years away.

I guess what I'm saying...is he didn't "bare his soul". He was attempting to dismiss the possibility as unimportant.

Diamond find of the century...it may be. That will depend on the next bulk sample results. Not on tonnage. I would rather have $280 rock than $180 over having 50 million tonnes rather than 20.

Follow?

Regards,

WillP