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

To: maintenance who wrote (4738)	1/5/1998 5:15:00 PM
From: Patrick Laflamm	Read Replies (1) \| Respond to of 26850

To all Winspear shareholders, This is taken from Art Ettlinger's January 5th article: "Ashton Mining of Canada and Pure Gold Minerals have experienced very early success in their Alberta diamond exploration program... ... The infrastructure and business climate of Alberta is ideally suited to relatively low cost diamond exploration and development projects. The fact that the majority of Ashton's kimberlite discoveries occur on land at depths of less than 50m below surface, and that magnetic surveys have worked so well in identifying buried pipes, also attests to the favorable geologic environment for diamond exploration in Alberta. It is our feeling that the developing diamond exploration scenario in the province will be long lived and potentially significant. Although it is too early to speculate whether a commercial diamond mine will be developed there, the positive features discussed above indicate that compared to the NWT, lower capital expenditures and operating costs can be expected for a diamond mine in Alberta." OK! Now, I need the help from the geologists! If Winspear drills Snap and finds some Ps that later reveal to have excellent diamond counts, outstanding macro/micro ratios, etc... numbers good enough to "THINK" about a possible mine a few years down the road... What would be a reasonnable evaluation of the price to mine a "ton" from the bottom of our lake? 40US$, 50US$,? I can't wait that the drilling starts to find out what is at the bottom of that lake! Happy New Year to all Winspear shareholders! Waiting anxiously for the P word! Hasta la proxima, Pahww