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

To: Frank Sauer who wrote (6040)	6/15/1998 11:47:00 AM
From: Mr Metals	Respond to of 26850

Thanks Frank:-) MM

To: Frank Sauer who wrote (6040)	6/15/1998 1:19:00 PM
From: bill	Read Replies (2) \| Respond to of 26850

Thanks for the explanation of the difference in carats per tonne. That is helpful. However, the market was expecting the higher cpt. That is 1.2 cat difference. That's the bad news. The good news is the large diamonds. If dykes are as consistent as reported, WSP should be able to plan on mining large diamodns. But--we now are left in an uncertain situation once again. We need to know value per carat adn we need to know why no colored stones were reported. Given that reputation for consistency in dykes and the number of stones found and the number of carats one would expect the reported percentages of colored stones to be represented. We can only assume 1) that there were no colored stones which would be puzzling 2) that there were but WSp isn't going to report them until they announce the evaluation. Let's hope the two to three week time line for evaluation is correct. Whether the results end up being goo or bad, there is no changing them and we might as well find out where ouir investments stand. I think we clearly see that uncertainty in the stock price. It is now holding at 65 cents.Better than where it was, below 50, but not good enough to create a run.