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

To: Sam who wrote (24013)	8/10/1999 10:44:00 PM
From: Digger	Read Replies (2) \| Respond to of 26850

Anyone selling at this price makes Jim Carey look like Einstein, or has to sell following a friendly call from a broker. This is buy, buy, buy time. I hope Red is accurate in his forcast of press releases this week. Any day now the dawn will break. Or can it be that we are all victims of group think and this puppy is not a good as we have been led to believe? I still think there is muchomanipulation with this price and wonder if we will ever know what is happening. I can't figure out why DP is not suggesting buy at these prices, anyone have any ideas?

To: Sam who wrote (24013)	8/10/1999 11:16:00 PM
From: teevee	Read Replies (2) \| Respond to of 26850

Sam, I reviewed WSP today and see no need to panic. I agree that the fall in share price is unsettling, and for those who didn't trade, in hindsight, an opportunity has been missed, however, everything else is intact. Other than the great results to date, and a downdraft in the broad market, we await the MRDI results...Many posters have suggested that Snap Lake mining rates will be below "expectations" and that as a result, the share price is ahead of itself. I will say this: all great deposits, undergo multiple expansions after they get into production. I am confident that Snap Lake will too. What might the initial rate of production be? We will have to wait for the MRDI report, but IMO, I don't see why it couldn't be 2500 tonnes per day, if utilizing high volume-low cost underground mining equipment and methods similar to coal or potash mines. What could ultimate daily production be? IMO, a valid example is the Cape Breton region, where the Sydney coal field dipped under the ocean at 4-15 degrees and thickness was 4-7.5 feet thick. Workings extended up to four miles from shore and annual production rates peaked at 5.8 million tonnes or about 16,000 tons per day. This gives a reasonable insight into what is possible at Snap Lake....there is no doubt that mining costs per tonne and daily extraction rates at Snap Lake could rival or exceed other existing and planned diamond mines in the NWT, but with far lower capital costs. Also, besides WSP and Snap Lake, who else has and where else are there prospects for increasing drill indicated tonnage by a million tonnes per drill hole on 400 meter centres in order to satisfy future expansion of production rates? I suspect buying by institutions and funds will likely come in after the MRDI report. The stock price could recover a lot faster than it fell off. I'm still long and will continue to hold. If anything, its time to buy. regards, teevee