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

To: cruncher who wrote (7745)	8/13/1998 11:30:00 PM
From: E. Charters	Read Replies (1) \| Respond to of 26850

Lets not get into mud slinging on it. If you think WSP will have a mine on the claims in the next 2 years fine. Go for it and buy 10,000 shares. Now, if you have me that money I would have three mines MINED OUT inside 2 years. I am not sure what WSP will do but barring an astounding run of luck I am content to put my opinion inside sealed envelope and sit on it. What this is is riding the vagaries of the markets perception of the NEWS and mythology they can create. I don't mind giving juniors a chance. But did you ever talk to these promoters or work for them and get their unguarded thoughts? I mean wouldn't you want to know what their thoughts about the chances of finding a mine? I mean 90% of them do not even want to drill. Now if they are bopping about and taking samples etc.. and telling you that they are looking at mining..would you like to know if they are competent, honest, and serious? So would I. For the companies on Alberta and the NWT to find a mine with their limited knowledge it would take them expenditure of about 3 billion dollars. This will take about 20 years. Most of them fly the ground advertise their "anomalies" and wait for a buy out or an offer from deeper pockets. They won't find it that way. Why do I say they will miss? Well, when they went to school, the one thing they did not get taught is the petrology of alkaline intrusives and the characteristics of the indicator mineralogy of the kimberlite. How do I know that? Because far better PhD geologist than them looked at 100's of kimberlites in the NWT that came to surface and they misidentified them! And these kimberlites still come to surface and they still cannot find them! And they are located in books! These rocks, incredibly, were never tested for diamonds! So you see, you should not hold your breath for a diamond mine. EC<:-}