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

To: The Fix who wrote (7083)	7/12/1998 9:28:00 PM
From: Chas.	Respond to of 26850

Hi fixer..... I was of the opinion that a major delineation drill program would be initiated to firmly establish the resource tonnage.......thay may still be the case..once the JV (Wsp/Abz) management committee get it together...a million plus for that and then another 450 + thousand for a mining analysis/recommendation...they've done a decent 200 ton mini-bulk so I don't think a 500 ton sample will tell them anything new.......Iwould think that a 2000 ton or more sample would be more in line towards feasibility...although....... this ain't no pipe !! so different parameters may be in order for this discovery.....all in all the NR was fairly positive...they just don't know how to put a spin on the thing....poor writing job really......now if Gino or Tomato or George or God forbid even EC had written that NR.....well I think the stock would be in the $2 dollar range now......just think of the potential of what they had to work with.......ie......Winspear announces plan to spend millions in continuing search for the source of the famous 21 diamonds (in excess of 50 carats) including colored fancies.Several Grading contractors have been requested to submit bids for the removal of 3 to 5 meter of overburden covering one of the richest diamond deposits in the NTs, ore valued at 341$ per ton....diamonds valued at 301$ per carat..minimum.......well folks you get the drift....a lot could've been done with this information.......they have a more subtle approach to things I guess.........eom