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 : Winspear Resources -- Ignore unavailable to you. Want to Upgrade?

To: Steve Joy who wrote (9071)	11/2/1998 11:19:00 PM
From: teevee	Read Replies (1) \| Respond to of 26850

Hi Steve, First of all, the kimberlite at Snap Lake is not a dyke. It forms a series of cone sheets (semi-circular, inward dipping, concentric sheets). They average about 2.6 meters in thickness and the radius is easily over 2.5 kilometers. The dip is consistently about 12 degrees. Use a rock density of 3 and calculate the tonnage. Then you can post back and say oops. Also, as these sheets were injected almost instantly, the grades should hold up and be very uniform. The stone size distribution appears similar to SUF's Klippspringer, however, the Snap Lake diamond is of much better quality as it is inclusion free and hence the higher valuations, and no doubt easier marketability. It is clear IMO that WSP has made THE DIAMOND DEPOSIT DISCOVERY in the NWT to date. IMO, Snap Lake will prove to be far more valuable than the Ekati or Diavik situations once it is "formally" recognized. However, I guess our diference in opinion is also what makes markets. I am a buyer and I assume you have or are selling.