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

To: L. D. who wrote (10824)	12/23/1998 10:48:00 AM
From: .Trev	Respond to of 26850

Interesting post from the Diamet thread courtesy of Phil. News from the National Post: First 100% Canadian diamonds go on sale Mined, cut, polished here David Staples and Charles Frank National Post, Calgary Herald The first shipment of diamonds mined, cut, and polished in Canada, are on sale in Vancouver. Two of the first diamonds mined at the new $1-billion Ekati Mine in the central Northwest Territories were unwrapped for the first time yesterday. Sirius Diamonds Ltd. of Vancouver cut the stones and shipped them to Brinkhaus, The Jewellery Source, a Calgary and Vancouver diamond shop. Each of the polished diamonds at Brinkhaus will include a laser-cut image of a polar bear, invisible to the naked eye, to guarantee its authenticity as a Canadian gem. The market value of the first shipment is estimated to be about $15,000. "I've been dreaming about this for 10 years,'' said Norbert Brinkhaus, owner of the 60-year-old family-owned business. "Everybody wanted to be the first to display them.'' Sirius is training nine people at its Victoria cutting and polishing shop to staff a new operation at the Yellowknife airport. That facility will open by May 1 and receive about 2% of the Ekati diamond mine's rough stones. Most of the other diamonds will be marketed through a distribution centre in Antwerp, Belgium. Over 100,000 carats of Northwest Territories diamonds have been sent to Antwerp, for sale in January. "We sense there's a strong interest,'' reported Graham Nicholls, spokesman for BHP Diamonds, operator and 51% owner of Ekati. When the mine is running full-tilt in March, BHP expects to find about 250,000 carats per month. Nicholls said the value of the stones has confirmed bulk sample estimates of $130 (US) per carat on average. But that's an estimate. "Everybody is waiting to see what they get for the diamonds,'' said Robert Klassen of Goepel Shields & Partners in Vancouver. "Diamonds are a luxury item.'' Sirius will take 2,000 carats a month, and aims to grow to 5,000 carats per month. PHIL

To: L. D. who wrote (10824)	12/23/1998 1:58:00 PM
From: .Trev	Respond to of 26850

Not sure which announcement you and Kid are talking about! They've already announced that they're going to do the Bulk sample! Itmay have been started already but we're not likely imo to hear much more until after the holidays. Then they MAY announce that they've started. Some weeks after that they May announce that the extraction is finished and the sample dispatched for processing. Then some time later on we should get the results, but by that time it'll probably be at least April. In the meantime there'll be lots of rumor, innuendo, and market play for fun, and we'll gradually get a better feel for the consistency of Macro/micro distribution patterns, and let's face it market performance is the most reliable indicator because the market always seems to know first. I hope that helps a little because that's the way I see it! Ever since it broke the $2 barrier I've been waiting and even hoping for a suck back to use as an opportunity, But it looks like I'm SOL. Whole new year coming up!