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

To: George J. Tromp who wrote (5776)	4/25/1998 8:47:00 PM
From: bill	Read Replies (1) \| Respond to of 26850

yes, I agree. But being in the right place at the right time is often what counts. Also, if I remember the first maps correctly, ABZ was jv'd with nearly everyone in the area. It was one of the reasons I bought ABZ early on. A dollar in ABZ bought you a piece of a whole bunch of jv's while a dollar in the junior only bought you a position in a particular piece of ground. PUG was doing much the same thing. Except they weren't doing exploring. They were grabbing the land and then jv'ing. Made some good money on them on run ups when they started drilling. Big thing was not to hang on for results. WSP has got itself into an interesting situation. Way back when they first started drilling the Camsell lake/Snap Lake area, I remember posting a message saying that the worst possible scenario was not not finding diamonds, it was working in a area of high grade but uneconomic dykes that gave the elusion of a rich pipe having to exist. I still wonder if that isn't the case with the Creek anomoly because it is so rich and so elusive. it's not as if ABZ doesn't know the signatures of pipes in their areas. The trick for WSP is going to be to find the source for all those dykes. It's like someone digging around finding veins and arteries and given their existence, you just know there has to be a heart pumping that blood. Thank goodness they're doing deeper drilling. I've always been skeptical of the shallow drilling. I know it means being able to punch more holes but it may be that the major source that created the dikes lies deeper. Tricky call, though. Easy to use up that budget. I know that some people have given up on WSP but I keep believing that they're going to come up a winner. They've built up so much expertise and they do have a lot more property. I remember SUF in it's dark days. Under two dollars after being up high. People were unloading it as fast as they could. Then they went to SA. Having legal problems right now but the SA govt. has come out on their side. Risky business to be financing.