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

To: marcos who wrote (5017)	2/3/1998 8:21:00 AM
From: George J. Tromp	Read Replies (1) \| Respond to of 26850

Hello Marcos: I dont consider laying out scenarios based on statistics as hyping or promtional. With that in mind., here is a more refined presentation., to the facts., as I know them., based on previous close encounters of the kimberlitic type. This approach is more defined considering what is at stake., you dos your work., and takes ya chances. Knowing the 2600 diamonds per ton is extrapolated from the diamond samples in 11 distinct drill holes to date., encountering rich non diluted kimberlite. Here is my approach from a non pumper mode and purely statistical. When they take the 100 ton sample., we should be seeing around 260,000 diamonds present. 87% should meet the early guidelines of transparency. So we now have around 230,000 stones. 6.2% of those stones are borderline economic., with 1.5mm being the commercial cutoff of stones over 1.0mm in one direction. This would leave a statistical sample of 14260 stones above the minimum cutoff off of 1.5mm. The current grade of 3.69carats per ton is based on existing extrapolations from the 11 drill holes. In most economic kimberlites via NWT the large stone percentages run around 1.5%. If we assume this model is true., knowing already good macro/micro relationships exist., we have a very good statitiscal chance of producting 214 very nice size stones. So if the average stone is say 1/2 carat.., one could extrapolate an increase of 1.0 carat/ton to the 3.69 carat figure. So the final grade will be determined with a combination of stones in the 1.5mm range. Several of the boulder samples showed stones in the 1.40mm to 1.60mm range., and also a 1.79mm stones. So what I am saying here is this. If the large stone ratios occurr., and the early macro/micro ratios support this hypothesis., than the 100 ton sample should produce a minimum of 214 large stones. If they all average say 1.0carat., you can add around 2.0 carats/ton to the overal grade of 3.69carats/ton. So statistically these 214 stones., should determine the most value in the source. These stones would be reflective., of the true potential going forward., the 13% off yellows., ambers., undesirables are not in those statistics. How large they will be., will determine the value of the deposit. Yellow stones if over 1.0carat command some nice premiums if fancy categorized. Pink., greens are a world unto themselves. So the 214 large stones., which should appear about I expect to see 2 or 3 decent sized pinks., 6 or 7 decent sized greens around 100 yellows., around 100 whites. Knowing that a 3.47mm stone a perfect octahedral around 1/2 carat was found in the boulder a few miles away lends credence as well that the dyke will hold some large stones. Valuations on these 214 which should statistically appear., could range anywhere from 50 or 60 per carat to literally thousands. I like the odds., none better to date in the NWT Sincerely George J. Tromp