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

To: marcos who wrote (6044)	6/15/1998 3:08:00 PM
From: Patrick Laflamm	Read Replies (1) \| Respond to of 26850

Sloppy, sloppy, sloppy... They can't even write 20 line press releases once a month without making mistakes... how can they find pipes?! They can sure reprice options without making mistakes though ;-) Very disappointing indeed, Pahww

To: marcos who wrote (6044)	6/15/1998 3:45:00 PM
From: bill	Read Replies (2) \| Respond to of 26850

ABZ has just issued a press release. As of today, ABZ trading below 13.00. If this keeps up, it'll be a cheap take over target. They say they have an average estiamted value of 56 dollars U.S. per carat. 26.7 million tonnes of kimberlite. Undiluted grade of 3.88 carats. The largest diamond they found from A-11 North is a 3.01 carat gem diamond. That means the grade is 3 x as good as WSP's. The question that are then lef topen are 1) the value of the diamonds To match ABZ, t he value needs to be 165 dollars a carat. That would make up for the lower grade 2) whether the size of the depost can be substantially expanded.