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

To: brian krause who wrote (9378)	11/10/1998 7:13:00 PM
From: Patrick Laflamm	Read Replies (1) \| Respond to of 26850

Bulls 13 Bears 6

To: brian krause who wrote (9378)	11/10/1998 8:45:00 PM
From: teevee	Read Replies (1) \| Respond to of 26850

Hi Brian, I finally received a fax copy myself-a very nice article. I assume what is being referred to is the diamond size distribution curve. If I recall correctly, about 4% of total carat weight recovered from the Bellsbank mine is represented by 10 carat stones. If we look at the stone sizes reported from the two one hundred tonne samples taken from Snap Lake, about 4.4 % of the total carat weight recovered is represented in the 10 carat stone reported. All in all, the diamond size distribution curve from Snap lake appears to be similar to the Bellsbank mine (IMO, the 10 carat diamond and the other two large stones in addition to the 18 or so other diamonds over one carat in size reported are NOT spurious as suggested by Bob Bishop, but rather part of the normal size distribution diamond population-Bob Bishop has made the biggest mistake he has ever made as a news letter writer by suggesting that the three large stones were spurious-he and his clients will be missing out on, and I quote: "the diamond find of the century" and the share price appreciation that will accompany it-however, we live in the free world and differences of opinion are what make markets and satisfy buyers and sellers. Based upon Bishop's reiterated sell recommendation, I assume he and his clients are happy sellers and I can assure you that I am a happy buyer of WSP shares at these prices). Values from Bellsbank range from US $250-300/carat. That is not much different than the US$301/carat average reported by WSP. The big difference is that at Bellsbank, the diamond has been mined for 50 years from a dyke averaging about a half meter wide!!!Snap Lake is clearly a cone sheet with a reported average thickness of 2.6 meters. regards, teevee