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

To: marcos who wrote (23021)	7/16/1999 7:31:00 PM
From: dgz	Read Replies (1) \| Respond to of 26850

Yes, It will still be a mine and it still will be a world class mine but for those who were looking for a rocket to lift off tonight......it may be more like a Cessna.

To: marcos who wrote (23021)	7/17/1999 12:38:00 PM
From: Au Contraire	Respond to of 26850

There's optimism, pessimism, and realism. Here's a dose of realism from my web site at intergate.bc.ca This does not say that Winspear is not a very good MINERAL PROSPECT. Here 'tis. Like the kid said about the first guy in space as it came on TV over and over again, "Not John Glenn again !!". So I'm giving you Winspear yet again. What did they just say ??? And also just before this latest release. It's like they gave you pit 4 and now they are giving you pit 3. But it's like getting only 2 new assays or 2 new pieces of info. Big deal !! And it cost piles of money to get them. Now they are going to add these 2 to the 132 others they have from the 132 drill holes they now have to evaluate for assay and grade averaging. These are the averages that will tell the tale [forget the bulk sample results because they only came from 2 small spots in the whole dike occurrence]. You tested 6000 tonnes out of 8 million. It's like the guy showing you a horse hair and asking you how you liked his race horse. And on top of this they clearly state that they have only indicated 8 million tonnes with any certainty. The rest [of the 23 million tonnes] is geospeak. So here we have a huge shallow dipping kimberlite dike that is sufficiently drilled off on a close pattern that allows them to confidently say there are at least 8 million tonnes drill proven BUT THEY STILL CAN NOT REPORT WHAT ITS AVERAGE GRADE IS !!!! This is actually going to be a tough one to evaluate without a huge outlay of money. Usually you can extract a large bulk sample from around where an actual diamond drill hole went through, and if you get enough of these you can calculate an average factor to apply to all the rest of the drill holes to try to give you a realistic interpretation of what your drill holes are telling you. The fact is that the larger the sample you take from any one spot is more accurate than the smaller one. Then you get into the area of influence that each hole represents. Then when you go exotic you get into geo-statistical modelling and floating cones and krieging and all that other weird geospeak. They will have to go underground in any case before the feasibility study is final. Meanwhile time will march on and you may make more long term money buying bonds. This one has a long way to go yet. The drill hole averaging may shoot 'em down. Remember, this ain't a pipe like at Diamet where they could go underground and get right inside of it to get a good look and take bulk samples. This is not as easy to do at Winspear. Last word......somebody said 270 dollar ore [C$ per tonne]. That ain't especially high grade in the Great White North up there [especially when it's only 7 feet thick, almost flat lying, and you are going to mine it underground by 'cut-and-fill']. Au Contraire