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

To: teevee who wrote (24875)	11/3/1999 8:28:00 PM
From: Digger	Respond to of 26850

This is my response to your stockwatch questions. Randy announced that the field is open to the north, soouth and east. Average thickness is 2.5 meters but there has been some 6+ meter stuff as we know. No idea how close to DSP they have gone. He stated that a plant would be in operation and a water licence would allow for - I cannot remember how much- he stated the volume would grow to 3000TPD, starting at, I think 100 then growing to 1000. The open pit stuff will wait they want to get underground as soon as possible. The micro counts and values are consistent through out the WHOLE lake area. I suggest that the present tonnage is just a start, tonnage is NO problem. He noted that they think the pipe may bee 300K deep and very narrow, the pipe is not important. It looks more and more that the price will not climb until the diamonds start to come out of the ground, so enjoy the winter, and don't give up the day job just yet. It looks more and more to me like we will get the full vallue for our investment. Randy emphasized that this was an exploration and DEVELOPMENT organization. He fully appreciates that this is a once in a lifetime opportunity. I also heard that some major funds are buying in through the Cann/ York/ DB shares and more are to come as their requirements are met.