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

To: Rick the Vet who wrote (24527)	9/25/1999 10:17:00 PM
From: Digger	Respond to of 26850

Try as I might to analyse whether it is us "cultists" or the general public that are out of step, I still come to the conclusion that at the present time no one "knows" how big this thing is. Dr. Bob's model is still holding up, there is much more than 20 m tonnes, if the remainder of his model regarding big stones holds up we all retire. I am betting that it will hold up. I cannot believe how news has tightened up. Winspear is doing a much better job than in the past. This is a world class play. What we need is patience, and more money to buy more shares. I still do not understand the timing of this release, but I am sure it signals something. Just what is hard to tell, was it just raising the flag or the start of something important?

To: Rick the Vet who wrote (24527)	9/26/1999 12:10:00 AM
From: russet	Read Replies (2) \| Respond to of 26850

You took too small a portion of my post to detail. Bottom line,...Winspear is going to process the kimberlite at 1000 tonnes per day for the near term, which may be the next 5 years. It doesn't matter how rich it is, 1000 tonnes per day is a pitiful number. If they can't get the production rate up, this baby ain't going anywhere in the near term, cause the market only looks at the next few years of net earnings to value a stock. The timeline of production is not the most critical factor. Aber got screwed because Diavik is going to be less profitable, not because it will take a year longer to come to fruition. People looking at WillP for godlike pronouncements on Winspear stock, better start listening to what he says. He has a LARGE position in the Winspear stock. He is terribly biased. Etaki is about to be critically valued. Dia Met last quarter earnings were pitiful. If they pull off $.14 eps in the next quarter, and the market doesn't punish them (cause this quarter they should be at full production) it will be because someone is very warped in their judgement. They are highgrading right now, meaning Ekati is taking their best grade kimberlite. If Dia Met can't make big bucks this quarter, chit will happen to that incredible $23.50 share price. Keep in mind, this is the best earnings they will get, unless they find some better pipes, or spend the money to increase production rate. What's my point here. EPS after tax, depreciation, interest, exploration writeoffs etc, etc, is the bottom line that these stocks will be evaluated on. Not the total resource, but the earnings per share per quarter, for this quarter, the next quarter, the quarter after that, next year and the year after that,...at most. This is not an internut stock, this is a normal stock. Think about the earnings,...not the resource evaluation. Cheers, all.