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

To: Rocket Red who wrote (25508)	2/25/2000 11:39:00 PM
From: teevee	Read Replies (1) \| Respond to of 26850

red, Has Diamondex started drilling too? It shouldn't take long to drill their 3 main targets. Maybe they drilled them already? cheers

To: Rocket Red who wrote (25508)	2/26/2000 7:21:00 AM
From: Chas.	Read Replies (1) \| Respond to of 26850

Red, I see DeBeers buying Abers interest in Snap lake(either 16% or 32%)for hard cash, I also see RT cutting a deal with DeBeers for cash with an "earn in" but not to more than 40%(total) and giving them (CSO) a lock on 25% or 30% of all rough from Snap Lake for a xx year period.DeBeers is not known as doing JV's as the Jr partner but (IMO) this is too good a deal for them to pass up. They need a presence in Canada, NWT, Diamonds.In the meanwhile Winspear is full tilt ahead and will easily be Canadas' 2nd Diamond mine, DeBeers is painfully aware of this and this is what drives them to cut a deal asap, they know Snap Lake has the goods and it appears that it is much better than MPV-Monopros operation.RT has done a masterful job of orchestrating this entire play and he and shareholders are about to be rewarded.Have a good one, I'm off to the Gun club, skeet shoot today and I'm on top of my game.