Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mike Hermann who wrote (26617)	8/18/2000 2:37:15 AM
From: .Trev	Respond to of 26850

It's certainly not automatic. It depends on a bunch of things which are mainly spelled out in DeBeers 38 page offer to purchase, which you can access on Sedar.com by searching the Winspear documents. Your problem arises because of the precarious situation between DeBeers, as "persona non grata' in the us, and the US government. US resident's were specifically and arbitrarily excluded from the offer, and therefor nothing that DeB does will relate to you. Your options appear to be limited to either hanging on, or selling on the market at the cost of a penny or two plus brokerage.At present prices anyway.So the answer to your question in this case anyway is "NO". Personally I wouldn't want to be a tag along in a company controlled by DeB

To: Mike Hermann who wrote (26617)	8/20/2000 3:47:08 PM
From: teevee	Read Replies (1) \| Respond to of 26850

Mike, Off topic, but perhaps of interest to you. From my post on SW: Author: teevee -- Date:2000-08-20 10:59:02 Subject: Diamond opportunities:-)) DH, If the dyke trends NE, as it seems to be doing, then for sure it is going onto SUF property, A geological "rule of thumb" suggests that the kimberlite could reasonably be expected to continue for half as far again. That would extend the dyke well onto the DSP and SUF claims. also stated is that the grade seems to be increasing with the downdip, is this because of proximity to the "source". A good way to see the trend of the grade is to perform a (thickness x micro diamond count/100) calculation for the grid squares and contour the numbers( I used the maps and data from the May 15 and August 10 press releases and contoured at >50, >30, >25). Then draw a best fit line best representing the axis of the contours. The highest (grade x thickness/100) all occur within a 1000 meters of the north shore of Snap Lake and the axis through the contours trends north-east to the S.E. and S.W. corners of the DSP and SUF claim blocks respectively. The spacial relationship between these features and the Snap Fault fault zone is highlighted by this exercise. The Snap Lake kimberlite sheet must be associated with a deep seated structure/fault/plumbing system that acted as a magma conduit. Another feature that is highlighted by the contouring are two lobes. These lobes probably indicate a N.W. trending structure that intersects the N.E. trending Snap Lake fault. Such an intersecting structure may have been instrumental in the thickening in this area of the Snap Lake dyke. The Snap Lake fault is probably a very old structure as it is parallel to the 2.2 billion year age set of diabase dykes that trend to the north east. It seems reasonable that this old structure may have been reactivated during the late Cretaceous or early Tertiary when the kimberlite event occured. If you believe the "trend is your friend", then performing this excercise is a must. An obvious inference one may draw from this exercize is that the source is more likely to be a deep seated, north-east trending fissure of considerable length, rather than a point source such as a pipe, and that this fissure is spacially related to and controlled by the ancient Snap Lake fault zone. Areas along this trend intersected by N.W. trending faults may be favored as areas where thickening of the dyke has occured. If so, then CJ's statement that the Snap Lake deposit could easily fit within the SUF claim block may well be prophetic. Another inference is that areas of greatest thickness are most likely to be similiar to blows on verticle dykes. A point source or single pipe source model for the Snap lake dyke now appears more ptolemaic than geologically reasonable, given the available data. regards, teevee