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

To: maintenance who wrote (26230)	7/15/2000 10:52:55 PM
From: Sam	Respond to of 26850

I coppied this from a news bulliton,sounds like the new tonnage has got their attention sam NORTH AMERICA De Beers (DBRSY:NASDAQ) expressed surprise Friday at the increase in the mineable resources identified by Winspear Diamonds (WSP:CDNX) as a result of a scoping study completed on the Snap Lake diamond project in the NWT. The study was conducted to refute the economic benefits of De Beers' recent cash offer of $4.25 for Winspear's shares. The diamond giant says its surprise stems from many factors, mainly from the fact that it took several years of work to generate mineable resources of 12.6 million tonnes and that Winspear now says limited new data increased the level of mineable resources by a factor of more than three. Winspear's shares lost $0.09 on the De Beer's report, settling $0.21 below their 52-week high of $4.75/share. (Jul 13/00)