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


To: George J. Tromp who wrote (5423)3/17/1998 1:42:00 PM
From: Intrepid1  Read Replies (3) | Respond to of 26850
 
NEWS ALERT! SENIOR WINSPEAR MANAGEMENT TAKING OFF FOR SNAP LAKE!!!!!

Randy Turner, President, and John McDonald, Director and Senior geologist are on their way to Snap Lake.

I don't think they are going there for a holiday.....

purething



To: George J. Tromp who wrote (5423)3/17/1998 11:27:00 PM
From: Brezlin  Respond to of 26850
 
George, thank you for your detailed information.. I will continue my following now of this stock.. perhaps picking up a position very soon...

I can see the upside potential greatly outweighs the possible downside....

thanks again!....B



To: George J. Tromp who wrote (5423)3/20/1998 5:17:00 PM
From: Patrick Laflamm  Read Replies (2) | Respond to of 26850
 
All,
I would like to share a few number with you guys:

THE REALITY:
Project: Diavik Diamond Mine Project
Participant: ABER (40%)
Estimated reserve:
37 mil. tons of Kimberlite
3.32 carats per ton
123 mil carat reserve
$US 56 per carat

If you put these numbers together you get Aber owning a $US 2.755 bil. reserve

The interesting part is that Aber is trading at $18
(3 years away from production)

GEORGE'S NUMBERS PUT FORWARD IN HIS POST #5423:
Project: Snap Lake
Participant: WSP (68%)
Reserve
3 mil. possible tons of Kimberlite
5 possible carats per ton
15 mil possible carat reserve
$US 100 possible value per carat

If you put these numbers together you get WSP owning a $US 975 mil. reserve.

*The interesting part is that WSP, with the OUTSTANDING numbers mentioned above would be trading at only $7 ( 3 years away from production) if you compare it with Aber's share value as of today.

And now my numbers

PAHWW'S DOWN TO EARTH NUMBERS:
Project: Snap Lake
Participant: WSP (68%)
Reserve:
3 mil. Possible tons of Kimberlite
4.0 possible carats per ton (higher than what has been found so far!)
12 mil possible carat reserve
$US 75 possible value per carat (33% higher than ABER's value per carat!)

If you put these numbers together you get WSP owning a $US 585 mil. reserve.

The interesting part is that WSP, with the "excellent but reasonable" numbers mentioned above would be trading at only $4.29 ( 3 years away from production) if you compare it with Aber's share value as of today.

My point is that WSP's sill, dyke or whatever will never get this puppy's share price above $5, not wwwwwwwwwwwway!
This is the reason so many investors bailed out last spring.

I am a WSP shareholder and I am keeping my shares because I want to know what is in the bottom of that lake!
If they do not f¡nd a few Ps in there this spring though... the game is over!

The upside of Winspear is not that great and $0.50 is $0.30 away.

Just my opinion,

Regards,

Pahww

Good luck to all,

Pahww