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

To: skelly who wrote (4023)	11/16/1997 10:32:00 PM
From: Chas.	Respond to of 26850

Skelly..... Your observations are right on. In the old days, news of a new pipe was worth a multiple at least, nowadays 3 or 4 new pipes and the stock goes down .30 cents. The diamond players are jaded...........What with Bre-x, the sinking of Gold and a general malaise in the mining sector overall.. it's not easy to get a rise out of anything. I don't think it will ever come back to the "good ole days" but I strongly believe that a healthy buck can still be made on the diamond stocks. My strategy is making money on high risk/high reward stocks and putting 1/3 of it back into the long term surethings ie. Aber, Southernera,Diamet and a few others, I think that with a little luck and DeBeers money that MPV can fall into that categoty of others, maybe......Bye for now........Chuck

To: skelly who wrote (4023)	11/16/1997 10:49:00 PM
From: Walt	Respond to of 26850

OK since we are talking comparissons here a couple questions. Who decides if and when the pipes get sampled and/or put into production? Monopros has alot of pipes around the world etc. they could moth ball economic pipes for years as they produce elsewhere. Once you become a partner with a major it is the major who calls the shots. In that regard the reward could be far better with a junior who is in control..... Im not sure of all the terms with MPV but I understand they pretty well had to make a deal with someone to continue....so debeers has 60% of the play and a chunk of mpv etc but Im not sure where you see the up side on this if they decide to sit on those pipes. In my experience when a junior jvs with a major major thats the end of the play as far as the junior is concerned unless they have a pretty stellar deal like diamet or aber cut. So in this regard I'd rather have my money in a junior not yet jved with a major. (thats why I got out of mpv) regards Walt