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

To: Rick the Vet who wrote (6071)	6/16/1998 12:58:00 PM
From: Walt	Read Replies (2) \| Respond to of 26850

Good question, I really wish George trump or someone more up on diamond evaluation were here for there imput. Basically Im a prospector and an ounce of gold is worth the same as any other ounce of gold untill it gets made into jewellry or unless it is a rare and spectacular mineral specimen. Diamonds being gems are different. One ten carat diamond could be worth many times what another is worth depending on its quality, colour and shape. ie what size gem can they cut from the raw diamond. You might be able to get a seven carat cut stone out of one ten carat diamond where another ten carrot may only yield a couple two carat stones. There are so many variables in the equation only an expert could tell you what it is actually worth. However having said all of that the value of a deposit is to a large part dependent on the bigger stones and a mine which produces a few big stones can be far more profitable then a mine which produces alot more carats but all small stones. People get sidelined by trying to compare carat counts. As you pointed out it is the value per carat that really counts. Here is also something to consider. I forget what the largest stone was that WSP found drilling or from sampling boulders but in the mini bulk sample finding a 10, 8, and 6 carat stones is pretty darned impressive but there could be some real woopers waiting to be dug up. I seem to recall hearing of a mine in south africa which mines for weeks and then a wooper appears and it pays for the weeks of mining wastes so on this dyke what are they chances they found the best first or is the best still to come. Every really big diamond gets its own name and legion. Maybe if they find a really big pink they will name it THE TOMATO in honour of one of WSP long suffering shareholers, Maybe they will find THE EL MARCUS or THE TRUMP, it could also be named THE SOPHIE or RANDIES DELIGHT who knows. One thing for sure this summer the crew will be going over the trenches where the bulk samples came from with a fine tooth comb. regards Walt

To: Rick the Vet who wrote (6071)	6/16/1998 3:11:00 PM
From: Sudhir Khanna	Read Replies (1) \| Respond to of 26850

Rick, The three large stones alone have the ability to make the dyke look attractive enough to proceed to the next stage. An average value of CDN $1,200 per carat (US $800) from the large stones will give the package a value of $150/tonne. Look at some of the diamonds just recovered from a potential partner of Pure Gold. They range from $1500/carat to $1800/carat. I look forward to the valuations. Sincerely, Sudhir Khanna, P.Eng. Editor, The RESOURCE INDICATOR goldsheet.simplenet.com