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

To: Berry Picker who wrote (23434)	7/21/1999 8:38:00 PM
From: bill	Read Replies (1) \| Respond to of 26850

Well, my SIL is one very practical, accurate individual. However, I wasn't there myself so it is only hearsay. A blue diamond isn't "blue". That is a designation for the clearest white. If you take a diamond grading course, you will find the following: "It is an unfair trade practice to use the term 'blue-white, or any oher term, expression or representation of similar import, as descriptive of any diamond that under normal, north daylight or its equivalent shows any color or any trace of any color other than blue or bluish." The diamond industry has its own language. I'm assuming you saw uncut diamonds. Top quality cut diamonds are often referred to as blues.

To: Berry Picker who wrote (23434)	7/21/1999 8:51:00 PM
From: bill	Read Replies (2) \| Respond to of 26850

As an addendum: If you use an evaluation chart that shows 1. range of color grades and their compartive percentage values 2. the range of clarity grades and 3. the effect of size on these percentages, a number of facts quicky become clear. Assuming an American cut: the percentage drops in color are considerably more rapid in large stones than in small ones. This is a reflection of the fact that the per carat prices of large colorless stones are many times higher than the per carat prices of small colorless stones, whereas the differeces in per carat prices of poor colores for both size categories are small. The rason for this is that the larger the stone, the more obvious the body color and ther rarer the stone in which no color can be detected. Thus, the larger the stone, the more important color is as a price factor. In very low color grades, there is very little change in price between grades a letter or two apart.Below the price at which the yellow becomes obvious to the unaided eye, the drop in price from letter to letter is very small. A three carat size, flawless stone drops 20% from category J to K but only 4% from L to M. Just a note for some of the posters who have mentioned broken stones and the fact that they are often brown, grey, yellow. Even when they have not broken in situ, they often break as they are being cut. This is because there are distortions in the structure. These give rise to abnormal stresses. Not only are brown diamonds, grey, etc. not desirable because they are often unnattractive but because buying them is risky as they may fracture when being cut.

To: Berry Picker who wrote (23434)	7/22/1999 12:49:00 AM
From: Digger	Read Replies (1) \| Respond to of 26850

I am sure that both of us are a bit down that we are not on the way to becoming overnight wealthy men. In hindsight, I really dislike DP's referring to Winspear as a lottery ticket because what does one do with a ticket that is not THE winner? I certainly do not feel like throwing away my ticket just because it was not yet a winner yet I wonder if some shareholders don't feel that because they did not hit THE jackpot in a 3000tonne sample out of a possible 20,000,000+ tonne body that they LOST the lottery. What has changed in the past week? We have some change in shareholders. We know we have a rich diamond deposit. We know that we were a bit unrealistic to expect a 30 caret stone in the first major sampling. If Dr. Bob's model is valid, the big stones are there. I do believe his model and am ready to wait as long as it takes. I am willing to wait around until there is a mine. That is what I had in mind when I bought shares.