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

To: Gee10 who wrote (23246)	7/19/1999 1:20:00 AM
From: Rocket Red	Read Replies (1) \| Respond to of 26850

Gee10 Your Wrong. If that was the Case Why are they Exploring WORLD WIDE for DIAMONDS. PS De-Beers has already had talks with WINSPEAR> PS2 You believe What you like. Cheers.

To: Gee10 who wrote (23246)	7/19/1999 1:27:00 AM
From: Rocket Red	Read Replies (1) \| Respond to of 26850

Gee10 Your forgetting De-Beers Controls the Diamond Prices. Thats the Reason they wanting Ekati Diamonds. The more Diamonds that come to market buy others without De-Beers involved in selling them forces the prices down.

To: Gee10 who wrote (23246)	7/19/1999 8:01:00 AM
From: Andrew	Respond to of 26850

I've been waiting to hear someone else say that, why would Debeers want to run a labour intense operation like this? That is not their area of expertise. Does Debeers run any other little mines like this? At best WSP will produce about a million carats a year and it remains to be seen if they can do it at a profit. Diamond prices are not in any trouble even with the new production coming out of NWT over the next 5 years. Argyle will be closing up shop in about 4 years that will take 40 million carats off the market.