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


To: paul centis who wrote (4014)11/16/1997 9:19:00 PM
From: skelly  Read Replies (1) | Respond to of 26850
 
To: Paul and Chuck;
I agree with paul 100%. Even if wsp was to find tha source of the dykes it's still a long shot IMO that the pipe would be big and rich enough to be commercial.
the better bet would be to buy 1 share of mpv for every 8 shares of wsp that you might want to buy now.
If wsp finds a pipe the stock will have a short term spike and then come most of the way back until bulk sampling occurs(which may never happen for many reasons)
As paul stated mpv has yet to drill on targets which appear to be better than what has already been found on the AK.
IMO the risk reward factor is in mpv's favor.



To: paul centis who wrote (4014)11/16/1997 9:33:00 PM
From: Chas.  Respond to of 26850
 
Paul...... OK OK OK so I overstated my case a little, by "Great Geology" what I actually mean is" Great geologic indicators of an even greater geological find, ie pipes or economical dikes." Mineral indicator trains?.....2 each with a definate trail to a source location. Pipes ?, we have a couple but they are barley economical, not even bulk sampled. We are basically a great Risk/Reward exploration investment. Let me also back up on the phrase "Skimpy Geology" you have proven geology, be what it may. You have a diamond bearing pipe and several new pipes that are also diamond bearing, maybe if you put them all together you could have a mine, time will tell and I wish you all the best.Bottom line here is that your share price already reflects that. One would have to buy MPV for long term only(based on your core sample analysis of two of your three new pipes)) Wsp is purely speculation High Risk/High Reward but the best indicator geology in the NWT plays right now. I'm not saying MPV is a bad play I'm saying it does not have the potential that Wsp has for being a, lets say 10 bagger.........Bye for now.....Chuck