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

To: Patrick Laflamm who wrote (6100)	6/19/1998 12:41:00 AM
From: peter matson	Read Replies (1) \| Respond to of 26850

After speaking to Winspear IR earlier this week I am left pondering some points as to the value per carat of diamonds recovered. I have been told that noone knows the value at this point which I can accept. However I spoke to Randy Turner a few months ago and asked him if he had the small parcel of diamonds valued that they found thru drilling and sampling. His answer was no and that he had no idea what the value of the stones were worth. Maybe I'm totally off base here but if I was running the company and found diamonds.(albeit a small parcel) I would want to know the value of those stones and possibly from that extrapolate the possible value of larger stones. Remember that dykes from what I am lead to understand should maintain grade and quality. If a diamond expert came back and said Randy these are diamonds but the quality is poor then that would have a tremendous effect on any decision going forward with a bulk sample. I just find it hard to believe that Winspear went ahead with a 200 ton sample(instead of the original 10 to 20 ton) without having an expert tell them the diamonds are of good quality. Regards