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

To: Walt who wrote (5448)	3/20/1998 1:54:00 AM
From: bill	Read Replies (3) \| Respond to of 26850

Walt, What do you make of WSP flying out the bulk sample in 14 trips. It would be incredibly expensive. What kind of planes would they use that could land on site, pick up that kind of load and take off? George's memo says there is concern about the ice road and also security. Flying 14 trips must be incredibly expensive. That means whomever made that decision must think they have something so valuable that it justifies the cost. Given the expense involved, I'd think the person who made that decision must think that the ore is very valuable. I understand the concern about the ice road. However, what intrigues me is George's comment that there was a concern for security. Trucks would be loaded on site. I assume they drive them straight through to Yellowknife. What are they likely to be faced with? Ice road highwaymen. Stick um up and give us your diamonds? Someone between the site and the plant getting their hands on a piece of ore that would give them a diamond count before WSP released the results? If you could give us the difference in cost between trucking out the ore and flying it out, I think we could then get some idea of how valuable Randy Turner thinks that ore is. I assume, from past performance, which I have found to be quite conservative, that he's not inclined to spending money on wild fantasies. He's got to have some information that makes the cost of moving the ore by plane justified. Yes? No? Have I wandered off in some absurd direction in my thinking?