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

To: Tomato who wrote (1600)	11/6/1998 4:04:00 PM
From: teevee	Read Replies (1) \| Respond to of 2251

Hi, If I recall correctly, WSP has over 70 holes in for caustic dissolution. I would look for similar results. I would guess that WSP will plot the size distribution and compare it to the results in hand including the size distribution results from the two 100 tonne mini bulk samples. This will tell them where specifically to take there bulk sample; and hopefully confirm grade potential AND uniformity throughout the portion of the cone sheet drilled to date (I expect that as these results come out, they will also scare the hell out of Debeers). Also, I would expect to see formal tonnage estimates start to play catch up with the "street's" estimated potential tonnage numbers, as the results in hand are processed and as more holes are drilled this winter. As well, as the tonnage numbers grow, I would hope to see preliminary scoping numbers increase. Although diamond size distribution plots are not infallible, and have been known to incorrectly predict large stones, this usually occurs prior to any mini-bulk samples. In WSP's case, the two 100 tonne samples have already demonstrated the presence of large stones). As I said before, given the character of cone sheets, the grade of any one sheet should be very uniform. In this post BreX and commodity price meltdown market, the results will likely have to lead the share price, however, at this junture, given my comfort level with the geological story and results in hand to date, I am not prepared to gamble with my position in WSP. I will continue to hold, and on significant share price changes up or down, add to my position. Also, the precise size distribution plots may not be released by WSP as this kind of information is deemed to be ultra-secret and of a "industry competative" nature (however, we can reasonably infer that the large stones recovered to date fall on the diamond size distribution curve for Snap Lake and therefore are NOT spurious, as suggested by Bob Bishop). I suspect the information will be of a general nature like the release you mentioned and may well be "dificult" for the layman to interpret. I hope this is of some help, and also explains in part as to why I am long and bullish on the prospects here. regards, tevee