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

To: Craig Spencer who wrote (5569)	4/2/1998 6:13:00 PM
From: wayne cath	Read Replies (2) \| Respond to of 26850

House Positions for WSP from 03/15/98 to 04/02/98 Ex House Bought Av/Sh Sold Av/Sh Net $Net V 082 DS 227345 0.86 64303 0.83 163042 -141670 V 090 Gundy 69600 0.86 3000 0.86 66600 -57524 V 035 Canaccord 475000 0.86 418717 0.86 56283 -49114 V 026 Haywood 86500 0.85 36000 0.82 50500 -43470 V 085 ScotiaMcLeod 65000 0.86 25500 0.85 39500 -34395 V 029 PI 66800 0.83 30000 0.86 36800 -29850 V 025 Midland 56200 0.85 25926 0.87 30274 -25331 V 031 Global 62000 0.84 42000 0.87 20000 -15320 V 078 CT Services 20000 0.86 0 0.00 20000 -17200 V 016 Yorkton 104000 0.86 85000 0.84 19000 -17875 V 052 McDermid 85000 0.87 67500 0.86 17500 -16240 V 048 First Marathon 41530 0.83 25000 0.82 16530 -13955 V 087 Wolverton 25389 0.88 10822 0.85 14567 -13105 V 089 CT International 14800 0.83 3513 0.86 11287 -9295 V 041 Latimer 14000 0.85 4000 0.82 10000 -8550 V 024 Jones Gable 10000 0.92 5000 0.83 5000 -5070 V 055 Odlum 12500 0.88 10400 0.90 2100 -1659 V 014 Brink 22000 0.85 20000 0.86 2000 -1500 V 043 Merit 11500 0.85 10000 0.90 1500 -785 V 066 Versus 0 0.00 1000 0.83 -1000 830 V 086 Whalen Beliveau 0 0.00 6000 0.82 -6000 4920 V 010 Dominick 0 0.00 6500 0.83 -6500 5395 V 063 Levesque 28000 0.82 37000 0.84 -9000 8135 V 038 Golden Capital 20000 0.81 30600 0.83 -10600 9341 V 077 Union 3870 0.83 14753 0.84 -10883 9149 V 044 Merrill Lynch 0 0.00 19200 0.87 -19200 16718 V 058 Oliver 5000 0.89 25500 0.82 -20500 16400 V 008 Research Capital 16000 0.86 40000 0.84 -24000 19970 V 018 Georgia Pacific 36000 0.85 60100 0.86 -24100 21383 V 059 James Capel 15000 0.86 62400 0.88 -47400 41932 V 012 Nesbitt 137700 0.85 221300 0.85 -83600 69833 V 009 Green Line 238300 0.84 558000 0.86-319700 277902 Total 1969034 0.851969034 0.85 0 0

To: Craig Spencer who wrote (5569)	4/2/1998 6:35:00 PM
From: Dave M	Read Replies (2) \| Respond to of 26850

Craig, I agree with your thinking. Seems like we should have some VD with the bulk sampling. Must have a real tight seal on all info leaving the site, which is fine with me. I like having an equal chance of buying with the same info as everyone else. This also could mean bad news that in fact no VD have been uncovered, although this seems unlikely since the small drill hole found so many diamonds. We should know shortly with the lab testing results. Good buying opportunity at these prices, IMO. Dave M

To: Craig Spencer who wrote (5569)	4/2/1998 11:54:00 PM
From: Walt	Read Replies (1) \| Respond to of 26850

The WSP camp at Snap Lake is pretty isolated and the crew they have are all professionals. Not many people coming and going and the sample is bagged up on site. Oddly enough when your job is moving two hundred plus tons of rock you dont spend much time looking at the individual pieces:) I know this will sound odd but I've know miners and geologists who worked in diamond mines underground for years and they never saw a diamond "in situ" or in the rock they were moving. When you consider that there are only a few carats of diamonds in a ton of rock it helps to explain why. Imagine a loaf of bread with a few grains of salt crystal in it. Rip the bread into a number of pieces and what are your chances of finding one of those salt grains. regards Walt