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

To: Intrepid1 who wrote (5874)	5/6/1998 6:27:00 AM
From: Andrew	Read Replies (1) \| Respond to of 26850

Hi Purething, I agree. Lets say for the sake of argument there's 10 million tons and only 3 carots/ton. This works out to 30 million carots. Decent quality stones some with colour could be valued at up to $100/carot. I crunched these numbers into my calculator and came up with a value of $3 Billion ;-). I agree with Chris that it would be cheaper to mine this dyke system than Aber pipe. I will average down, come on .50.

To: Intrepid1 who wrote (5874)	5/6/1998 9:49:00 AM
From: Chris A.	Read Replies (2) \| Respond to of 26850

Purething, This is how I can justify my 15 million + ton figure: 1. So far 10,800,000 tons are estimated. 2. Dyke is still open in both directions and along strike and down dip. 3. If they can get at least 500 more meters of dyke in both directions, tonnage will double. 4. More dykes were found in the winter program which will add to the tonnage (if proven diamondiferous... we'll know in a few weeks). Remember that the above info represents "my guess as a speculator". Don't take these numbers to the bank yet, but they show the potential. And a special thanks to Sudhir Khanna and George T. for helping put these things in perspective. Chris A. P.S. As a point of reference, remember that Abers 154S has 11 million tons of "inferred" kimberlite. I believe we will easily exceed this.