Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Trump's 12 Diamond Picks, Discussions Limited -- Ignore unavailable to you. Want to Upgrade?

To: George J. Tromp who wrote (1450)	10/24/1998 7:32:00 PM
From: teevee	Read Replies (1) \| Respond to of 2251

Hi, One, no known cone sheet has the full 360 degree circumference fully developed. Two, the feeder/conduit of a cone sheet invariably is pinched off (it closed up after the sheet was injected-therefore no pipe). Three, there obviously is some faulting which will take more drilling to fully understand and resolve. Four, kimberlite dykes have a reported characteristic of having very consistent diamond grade once it is established. Five, the two, 100 tonne samples were "blind" under drift/tundra and reported very similar grades over 100 meters apart. It is improbable that these two samples somehow each hit high grade pockets of equivelent grade. Six, if I recall correctly, there were 15 diamonds over 1 carat and 3 diamonds in the 7-10 carat range. Seven, these are obviously clear, inclusion free stones to receive such a high valuation-exactly where 90% of the money is in the diamond business. Eight, you would have to mine between 8,000 and 30,000 tonnes of ore (depending on grade) at an open pit "pipe" to get a similar number of large high quality stones. If you take the consistent dip of 12-13 degrees and project to surface to get the sub-cropping edge of the cone sheet, use 2.5 meters average thickness, a conservative rock density, plot where the holes are on the map provided on the WSP web site, assume 50% of the cone sheet is present, you will actually come up will over 80 million tonnes! Clearly, IMO a conventional dyke system would not exhibit such uniform dips and thickness. Nor would it have the tonnage and economic potential. I wouldn't expect other dyke systems in the NWT or elsewhere, to compare to Snap Lake as a kimberlite cone sheet is a very unique and special circumstance. I think everyone can do the rest of the math to figure out what WSP could be worth relative to Diamet. I will be adding to my position on any drop in price.

To: George J. Tromp who wrote (1450)	10/25/1998 2:28:00 PM
From: whiskeyjack	Read Replies (1) \| Respond to of 2251

George, Walt, Taz; Keep in mind all I have to work with is the error filled WSP 1997 annual report and I really need more accurate maps other than the one on page 5. Q1. Does the Rocher claim run contigious with Camsell/King to the north/east or is it west? The reason I ask is if a pipe can be traced back to that circular lake stradling the 100% King/Camsell/Rocher area that would fatten our wallets, nes pas? Q2. With the complex/extensive structure of this dyke system, the NW peninsula is on a B-line with the circular lake, according to glacial transport. What else do we know about the north side of Snap other than the last 2 holes? Can CL 186 be connected to a dyke and pipe system of this magnitude? I realize these are fairly large distances but is it conceivable? One would need more than a slide rule to figure out those tonnages. Hope this message doesn't drift off into cyberspace like the last 1 did.TIA, time for golf, catch u later whiskeyjack