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

To: Sudhir Khanna who wrote (11420)	1/9/1999 11:34:00 PM
From: average joe	Respond to of 26850

Sudhir, suppose there is not enough material there to make a diamet/BHP mine infrastructure possible? The WSP kimberlite is obviously rich, but, if there is only a few million ton of material, what then? Aber I believe is sitting at 22 million ton with their kimberlite. Obviously a big company wants a quick payback and a resource they can mine for the next twenty years. Also, the only company that knows for sure, where the upside and downside of the whole process is DeBeer's. It still remains to be seen how successful the first diamond mine in the NWT really is. aj

To: Sudhir Khanna who wrote (11420)	1/10/1999 8:15:00 AM
From: james flannigan	Respond to of 26850

Sudhir,Iam with you.Why would winspear in fill drill between the step out holes if the stepouts were no good?We do know that least 2 stepouts have been received from the lab.With the stepouts suggesting a resuorce in the 15 to 20 million t range,your comment "a birth will happen" is right on.With the information to date provides buy the company we are in the early stages of that birth.Can you post your opinion as to why the CF results are being delayed for so long.This is the only red flag i see at this point.

To: Sudhir Khanna who wrote (11420)	1/10/1999 9:05:00 AM
From: peter matson	Read Replies (2) \| Respond to of 26850

For whats its worth I would like to make a comment about John Kaiser and some of the other news letter writers out there. It was not long ago that JK said that $5 to $10 dollars could be a stepping stone to much higher prices. Now from what others are saying he is becoming far more cautious, which may stem from his recommendation of the stock in the $4.00 range (before the decline to .50) on far far far less information and positive results than we are sitting on now. It just seems to me that newsletter writers talk from both sides of their mouth at the same time--yes the play is good but caution is prudent- thereby covering their behinds regardless what the stock does. Its like a told you so if it goes up or down! I have read JK's and others reports before and couldnt really tell if they where recommending the stock in the coverage or not. Remember that these guys have lost a lot of subscribers in the past couple of years and really cant afford to miss this play or have another blow up in face like the Alberta Diamond Play. Who knows JK may want to see WSP drop to move some Ashton money over? Finally, if you wait on the sidelines until the mine is proved up you will be buying at $20 dollars plus, but if you don't buy and they don't prove up a mine then you don't lose either. Its a risk/reward thing and I for one believe the rewards are worth the risk for WINSPEAR> Regards