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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Paul Bilecki who wrote (92284)	12/31/2002 9:18:09 AM
From: E. Charters	Respond to of 116756

apples and oranges bilecki. If WSP had fake diamonds it does not mean that they all had to be fake. My actual record on Snap lake goes back in the mining letter which I did not send to you, since 1994. I predicted every geological move in there accurately and about 2 years ahead of time. All the flack attributed to me was due to other people talking about a piece on SI attributed to me that a bunch of stock dumpers took umbrage over. You get all the statements together I said about Snap lake, and read them and you will see that it is you who has to apologize. It was I, two years before Winspear did any testing of the dyke who first told anyone that the dyke was the source of the one carat boulders west of Snap Lake. And that is a matter of written record in the newsletter. I predicted the grade of the Snap Lake dyke to a fraction of a carat and I was right. And it was not 3 carats per ton. Any fool could see smell a rat there when those bulk samples was reported. The Winspear people were average explorationists and train followers. Not experts. They did not know squat about diamonds. They were comical in their attempts to predict grade through micro-diamond correlation. If they had read their stuff or been experienced they would have realized this factor has no correlation with grade. All in all the WSP boondoggle was a trash bucket of errors and inexperience. Like much of the diamond hunting in the Territories. The geophysical on-time Input method they use mostly to find pipes in NWT was first developed and used by a prospector in Ontario, by the name of Karl Forbes. And he did that on my suggestion I should add. A lot of exploration is trial and error so much of the failure is to be expected but the arrogance of some of these Canadian geos about what they know is only matched in many cases by the vastness of their ignorance about what really matters. Winspear did use a non-arm's-length bulk testing lab they put together in Yellowknife to do the testing of the two pits on the dykes. They could not do this today with the 43-101 rules. They said the test revealed 3 carats per ton. These high grades could never again be repeated with any amount of drilling and testing. You have to admit that is suspicious. On the other hand, contrary to the internet whispers of widely spread disappointed shareholders, I did not mention these tests, the lack of credibility of their lab and methods, or suspicious nature of the unrepeatability of the high grade. I am not required to be accurate of credible for the benefit of your bank balance. I do not see any cheques with the Bilecki name on them that would lead me to the conclusion that I have to be. You do your trading and bashing of individuals and I will do mine. If you trust the people in Winspear then give them all your money. If you trust penny mining stock promoters in general, then just get out a blow torch, burn all your cash and get it over with. Why prolong the agony? EC<:-}