SI
SI
discoversearch

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: ddl who wrote (10580)12/16/1998 12:03:00 PM
From: teevee  Read Replies (1) | Respond to of 26850
 
Hi Denis,

<<<<why should the stock go to $20 if the bulk sample is from the same pits as the last sample - I mean, they better be the same, right?>>>>

Few people understand why the grades should stand up and even fewer believe they will-the market is "from Missouri" regarding this issue-just look at comments made by so called market guru's like Bob Bishop-he thinks the results to date are a fluke!. Most, if not all of the bulk sample will be collected from the northwest peninsula, where the previous two 100 tonne samples were collected. It is possible that the 5000 tonne sample could be broken up into three 2000 tonne samples from three new pits, and some of the sampling could even be collected from the south shore for that matter. We shall have to wait and see.
regards,
teevee



To: ddl who wrote (10580)12/16/1998 1:54:00 PM
From: Walt  Read Replies (3) | Respond to of 26850
 
Maybe you have the two bulk samples mixed up.
What we are waiting for now is the micro diamond count from a small portion of last years bulk sample. The micro count is so a data base can be made comparing micro macro ratios, this will help determine overall grade and help interpret drill holes etc.
I think the sample TV is referring to is the next bulk sample which will be collected this winter.
Heres an anaolgy buy a loaf of raison bread. Stike a staw in it and see how many raisons you hit. That represents a drillhole. Now rip off a small chunk of bread, that is the first bulk sample. Now imagine taking a big thick slike, that will be the next big bulk sample.
The straw may or may nothit a raison, the chunk may have a couple raisons, but the big slice should give you a good idea of how many raisons are in the loaf.
Mind you samples are just that, looks like diamet when they started mining found a 47 carat, nothing like that turned up in the sampling todate. Same with WSP some real big stones could be sitting in the pipe and only mining it will tellfor sure.
regards Walt