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

To: maintenance who wrote (23626)	7/27/1999 2:53:00 AM
From: russet	Respond to of 26850

Which one?,... Marsfontein (joint venture with DeBeers, 40%SUF) is now projected past 5 years,...18 anomalies yet to be properly evaluated, many found to be diamond bearing already. My guess, over 10 years. M1 alone will be mined for another 2 years. My feeling is this is the only one most brokers are familiar with. The brokers I have talked to know nothing about the following ones. Klipspringer(100% SUF), probably over 15 years at present production rates, problem is,... they keep finding the damned dyke continues forever, possibly over 45 km and there seems to be a second and possibly a third dyke trending in parallel directions with diamond laden gravels all over the damned property adding to the resource. Maybe triple the lifetime? Messina platinum mine could last for 66 years at 120,000 oz of PGM per annum. Capital cost of only $41 million Canadian. Guess what,...its open along strike and a parallel reef seems to lie beside it. They are definitely looking at increasing production rates. More palladium than platinum in this one, with copper and nickle credits as well. And the resource likely will triple from the current 10.5 million oz of PGM's. It will be very profitable. Then there is Camafuca,...the world's biggest diamondiferous pipe,..only 160 hectares small. Only 8.7 million carats to 80 meters depth, and the grade is increasing to expand that number from current estimates. Could triple easily. Seems DeBeers underestimated how many diamonds were there. Life expectancy of any of these resources is 20 years or more. There is 3 of them so far, and now SUF may have a Winspear like dyke at Munn Lake, which is likely a close relative to Winspear's Snap Lake dyke. SUF seems to be the best kept secret in the mining sector. Take a look. cheers