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

To: Paul Belecki who wrote (7158)	7/14/1998 10:30:00 PM
From: bill	Read Replies (2) \| Respond to of 26850

I'm lurking. Having to do some work for a living (life is hard), especially since the resource stocks tanked. George is the man for good predictions--if you can get him to make them. I've learned a great deal from him and Walt over the last couple of years. I think we've had a lot of silliness back and forth about the property. Makes a market, I guess, but the range is so wide that it's obvious people are not paying a lot of attention to the actual reported material. 8 carats was high but then it was a request not a prediction. If you haven't got a map out of The Northern Miner(free) showing the properties with the diamond finds or the big map (60.00) that you can buy from an Alberta company, then get one of them. It's helpful in keeping straight where everyone is. The big thing is to try to get all the information into context. Eric, for whatever reason, has gone off on a hobby horse. He'll get over it and come back and provide us with good mining information. I don't think WSP is a scam unless you bend the definition. Are exploration plays risky? Yup. Are results straightforward? Nope. Even in the best t plays does the stockholder get all the informatin all the time? Nope. Is there front running? Yup. Have insiders got the inside track? Yup. But we know all this. Are stockbrokers with big companies selling blue chips more trustworthy? Nope. When I was just starting out, I got suckered into buying an IPO. I didn't realize that the only IPO's small retail investors get a shot at are the dogs none of the "big" clients want. Caviare to the big investors. Shit for the small investor. Do your own DD and trade with a discount broker. AT least you'll lose money on your own mistakes. Anyway, sorry for the long speech but I'm feeling a bit pissed off this evening. If the colored diamond percentages hold, WSP's a go. If its through a take over rather than setting up and running a mine, what do we care? They move on. We move on. Will the grade remain consistent? Yes. Will the big diamond percentage remain consistent? Yes. Is there a good chance that in the intricate web of kimberlite dykes, sills, there are a number of blows? Yes. A decent sized pipe? No one knows but I give the odds to yes. But they are odds. A 3 to 1 horse doesn't necessarily win. It's just got the odds in its favour. What do I think has driven the buying? I think they've got something in the unreported material that has them bringing in their team of experts plus. Not proof of a pipe They'd have to release that as a material change. But something they didn't expect to find. Something that makes them feel they've got something but haven't quite figured out what yet. Am I a fan of WSP and highly biased? Yup. Do your own DD.