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Gold/Mining/Energy : Trump's 12 Diamond Picks, Discussions Limited -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (936)	6/15/1998 12:54:00 PM
From: bill	Respond to of 2251

The results are a mixed bag. We were expecting around 3.2 carats a tonne. We only got 1.9. That is disappointing. The goodnews is the size of the three large stones. Dykes are supposed to be very consistent in terms of diamonds produced. That would mean WSP could expect three large diamonds for each 100 tonnes. The question is value. If the large diamonds have a high value, either clear, "blue" or fancies, we'd be all be partying. There was no mentioned in the release of colored stones. I'm surprised at that given the reputation for consistency in dykes and the very high percentage of colored stones in the initial samples. Either there were no colored stones or they won't be reported until the stones are evaluated. Let us hope that is the former. The mixed news is why WSP seems stuck at 69 cents. If we'd hve got the 3.2 c per tonne plus the large stones the price would have shot ahead. Now we're still in uncertain territory. Either the value is in the stones and the dyke is economic or it has to be abandoned. Because of the consistency further bulk sampling would make no difference. Further drilling might, however, extend the size of the deposit and that could, in turn, increase the economics. George said he ws going to be on the road. Hopefully, he'll hear the news and post.