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

To: Patrick Laflamm who wrote (5865)	5/5/1998 10:43:00 PM
From: Chris A.	Read Replies (1) \| Respond to of 26850

Hi Pahww, I feel very strongly that WSP won't be giving up Camsell / Snap anytime soon. I know its disappointing that there was no pipe discovered yet, but we've got good reason to hang on. As was mentioned before, Sudhir had an excellent analysis of WSP and where we stand. Based upon what he said, George's great input, and other factors, here is what you can expect... 1. Diamond counts from the recent kimberlite drilling in 2-4 weeks. The market will probably yawn, but it will confirm that we continue to have good diamond counts and the consistancy of the kimberlite dyke material. 2. A possible surprise with the summer program in locating a pipe as the dykes are being traced to a source that can be drilled from land. (This is great news.) 3. Diamond counts from the dyke samples at least 3-4 carots/ton around first week of July. My fingers are crossed for 4.xx +. 4. Dyke material to be inferred at LEAST 10 million tonnes of kimberlite... probably twice that. When the market wakes up to the high diamond counts w/rare colors and enough tonnage to be on par with Abers pipes, I really believe were going nowhere but up. Be on the lookout for a surprise with the summer program. I know your probably feeling bummed out with the share price, but better days are coming. I will continue to buy around this level. Anyone with me? Chris A.

To: Patrick Laflamm who wrote (5865)	6/5/1998 9:31:00 AM
From: Patrick Laflamm	Read Replies (1) \| Respond to of 26850

Good morning, Winspear is definitely a bust "pipe" wise. Two extensive exploration programs lead by a very knowledgeable group of geos and no source found! My guess is that it will never be found. Regarding that bulk system... Using the famous (minuscule) sample that was taken a couple of years back we can easily extrapolate the following numbers: 3 mil. possible tons of Kimberlite 3-4 possible carats per ton 12-14 mil possible carat reserve $US 75-100 possible value per carat I am not a Geologist but THAT SURE LOOKS LIKE A VERY PROBABLE ECONOMIC RESERVE to me! Why doesn't anybody see that?! I would really like to have Ms. Thomas opinion on this! Anyway, investors don't believe in it, Aber does not believe in it and WSP MANAGEMENT does not believe in it... I guess we'll have all the answers in 3 weeks, :-( :-) ??? Good luck to all, Pahww