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

To: The Fix who wrote (12077)	1/15/1999 10:43:00 PM
From: teevee	Read Replies (6) \| Respond to of 26850

Fix, Wonderful news. It doesn't get any better than this. I have been playing with some of the new info in the release. Now that I know that, in addition to the >10 carat size range representing about 4% of the diamond population by weight, the 1-5 carat size range represents 30% of the parcel by weight, the size distribution curve at Snap Lake is almost identical to Rex's Bellsbank mine. At Bellsbank, the average selling price is US$270/carat. A careful review of annual reports indicates that many of their rough large gem stones receive about US$5000/carat (over 10 carats in size and up to 100 carats...30-60 carat gem diamonds are produced here consistently). The point I am trying to make here is that at Bellbank, which has been in production since 1952, 4% of the diamond is responsible for >75% or more of the value. What is important for shareholders of Winspear is that if 4% of the diamond from Snap Lake(>10 carats in size) comes in at similar prices, say US$5000 per carat, it is easy to see that the large stones would make up US$200.00/carat of the average selling price. With the rest of the diamond at US90.00/carat, it should now be apparent that the bulk sample should stand up at close to US$300.00/carat without any problem AND COULD COME IN MUCH HIGHER. The cat is now out of the bag. Am I ever glad I bought more today. On Monday the stock should gap up with no offers until over $10.00.I am not kidding. Yes, I know everyone will say, but we don't have the 6000 tonne bulk sample yet. Given the drill inferred tonnage of the cone sheet easily and very conservatively exceeding 50 million tonnes, there is no reason why the market capitalization shouldn't expand to somewhere between $2-4 billion ($40-80/share). Given the risk profile at this stage, IMO, Winspear should be trading between $15-20 in anticipation of the bulk sample results. Hey packrat, have a worry free weekend. regards, teevee Not only is the Fix in, the results are in too.

To: The Fix who wrote (12077)	1/17/1999 7:52:00 PM
From: marcos	Read Replies (1) \| Respond to of 26850

Thanks, Fixer (and thanks to Gord for pointing this out) - looks like the three big rocks fit and Eric's salting theory is losing ground. I get the impression that this was sort of forced out of wsp by comments Kaiser made, right? Just got in and scanned a few dozen posts here - man oh man has this thread ever gone downhill, it sounds like a bunch of three-year-olds. As I recall, we used to have more class and more information in our flame wars ... or maybe that's just selective memory. Haven't checked trading accounts yet, but just looked at the chart on Stockwatch ... I think I left a small sell at 3.95 but only till 18/12, so it wouldn't have caught the spike there. What caused that spike, in your opinion (looks like Tuesday 29/12, gap up to 3.90)? ....... This looks like buy territory here just above 3.00, gap is covered now, some clarification out of the company and all ...... what do you think short-term, and what's the next thing to expect from the company? Drilling won't have started yet, so maybe a release when they do start, eh ... also when they start excavating the big bulk sample, which imho is the big deal and the only meaningful indicacion of value, all the rest of this chatter is pretty useless really, eh ...... back much later ...... cheers, all ....... macros ps - where's Walt, does he have a computer yet ... i'll check peoplemarks ... cháu [edit] - was the gap-up a delayed reaction to the Jim Pattison release winspear.com .... or maybe just the fact that tax-loss was over that day ... i guess we never really know exactly why