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

To: Chas. who wrote (6081)	6/16/1998 8:27:00 PM
From: peter matson	Read Replies (2) \| Respond to of 26850

IS not gold mined in remote locations at say .2 oz per ton. Why cant diamonds be mined in the NWT if the value is ther? Regards

To: Chas. who wrote (6081)	6/16/1998 8:36:00 PM
From: E. Charters	Read Replies (2) \| Respond to of 26850

That would be mining and WE DON'T WANT THAT bad.. bad miner bad... probably cost them about 1000 dollars a ton.

To: Chas. who wrote (6081)	6/16/1998 9:10:00 PM
From: bill	Read Replies (1) \| Respond to of 26850

Chuck, If you really want answers to your questions, just go back on the thrad and spend some time reading the posts, particularly Walt's and George's. The cost of moving the first tonne of ore is quite highg but when it is spread over a mine life of 10 years, it probably is int he range of 25.00 a tonne. If the WSP diamonds prove to have enough value per tonne, then WSP will have the advantage of of a large sill that is not beneath a lake. If you read the aBZ thread, you will discover how many million dollars ABZ is going to spend to build berms from waste rock so that they can then directly mine the top of their pipes. Because their kibmerlite is in pipes and goes deep, when they reach a certain point, they'll go underground. Because the overburden is not deep above the sill, I would expect them to strip it off, then mine the kimberlite. If you have been to North Eastern BC and seen the coal mines where they literlly blew the top off a full size mountain, then put a cat on top and began working their way down until the coal was extracted and the mountain completely disassembled, you would know what mining companies can do to get at a resource. Nothing matters except the value of the diamonds from the bulk sample. Given a high enough value, all technical problems can be solved.