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

To: brian krause who wrote (8987)	10/30/1998 2:14:00 AM
From: Gord Bolton	Read Replies (1) \| Respond to of 26850

Winspearians everywhere. Once the news is out the show will have just begun. If you are in with cheap shares DO NOT BE TEMPTED TO SELL THEM FOR LESS THAN $10.00 With only 3.5 Million Tonnes very, very conservative value estimates are in the $6.00 per share range. The most recent drilling seems to indicate at least 10 million Tonnes of the richest kimberlite on the planet. Some say that we may expect tonnage to be as much as 40 million tonnes. 3.5 million tonnes X $500 Canadian X .68 (Winspear%)/ 35 million shares The most difficult part of Diamond Mining is actually finding an economic resource. The cost of putting these rough gems on the market will not likely exceed %10 of value. Remember many diamond mines operate profitably with less than $50 per tonne kimberlite. Do your own math on the news but don't be tempted to sell for a quick %50 profit. These $2.00 shares are probably worth $20.00 to somebody! And they will eventually come along with the offer, unless of course, you will sell for a small fraction. The market has been waiting for confirmation of consistency of grade. If you and the market are satisfied, fasten seat belts and hang on to your shares. Good luck.