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

To: teevee who wrote (24358)	9/7/1999 7:12:00 PM
From: russet	Respond to of 26850

Hi teevee, I agree, starting small is one of my points. I was contrasting the mega-projects of Rio Tinto and BHP diamonds, which are both launching right into large tpd processing plants immediately (and hence enormous capexs), to our Winspear. Don't have the numbers in front of me, oh, just found them for Ekati. http://www.diamet.com/version2/development.html Mining rates for each pipe are determined by ore grade, diamond quality and the specific characteristics of the ore to be worked. Producing a consistent product, both in quality and quantity, is important for marketing the diamonds. The ore will be initially process at the rate of 9,000 tonnes a day. Processing could double to 18,000 tonnes a day with an investment of $80 million US. This expansion is planned for Year 10. A total of 78 million tonnes of ore, of which 85 per cent is defined as proven or probable reserves, and 508 million tonnes of waste rock are scheduled to be mined over the initial 17-year life of the project. The mine plan has been designed to provide a relatively constant revenue stream. Big companies like big projects, for the big egos of the company execs as much as anything else. Winspear can choose a different route to prosperity. Many people are assuming a low conservative tpd. I say Winspear will have their consultant, MRDI, detail and cost out several different mine proposals that can grow over time. I think people will be surprised by the MRDI study, just as they were over the drill indicated resource size. But this damned stock almost always rises when news is expected, but then drops on release of news, so I will play the swing with some extra shares I bought in the last few weeks. Good luck to us all.