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

To: peter matson who wrote (6065)	6/15/1998 8:42:00 PM
From: Walt	Read Replies (1) \| Respond to of 26850

Greetings all. Im in town for a few days because it is mining week and I have to teach the young'un how to pan for gold and indicator minerals. As for the small diamond they just get dumped and even in the producing mines they get thrown out with the waste because it is thought they are worth less then the cost of recovering them and small diamonds can be made cheaper and more uniformly synthetically. So when companies include all the micros and smaller ones in their carat calculations it is a little decieving. Now for a bit of mining trivia for all you treasure seekers out there, when they were dreging for gold in the Yukon and other places they had screens which sorted off all the rocks and gravel and everything over a certain size. So if there were any really big nuggets, there is a good chance they got thrown overboard with the rest of the rock. Something to poner if you are ever walking over a pile of "waste." I dont know about this comparision but I was told by someone that a ten carat diamond is about the size of a large grape and in the cutting polishing process one looses about 50% of the diamond. Its not really lost though because sometimes they can make smaller diamonds out of it. just some trivia to ponder regards Walt