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


To: Tim Henebry who wrote (12078)1/15/1999 9:03:00 PM
From: kfdkfd  Read Replies (2) | Respond to of 26850
 
Why a NR on a Friday night. Why not Monday.



To: Tim Henebry who wrote (12078)1/15/1999 9:25:00 PM
From: Gord Bolton  Read Replies (1) | Respond to of 26850
 
Hear yea, hear yea, all Winspear shorters and naysayers

If one were to exclude all big chunkers from the equation and just go with the little trinkets, Winspear will operate a mine at 1000 tonnnes per day and create a profit of U.S. $36.00 per tonnne. Chunkers may add U.S. $200.00 to $300.00 dollars of extra profit per tonne as they appear.
That again is U.S. $36,000.00 per day profit on the small stuff and U.S. $200,000.00 to $300,000.00 per day in big chunker bonus. This little mine can produce for 10 years on kimberlite from the N.W. Dyke alone. $1.00 U.S.= $1.53 Canadian
Should another 3 1/2 million tonnes of kimberlite be proven up and the plant can be duplicated or perhaps expanded to improve the overall economics and profits per tonne.

I believe that the ore can be mined and processed at a lower cost than has been allowed. The U.S. $59.00 per tonne estimated cost per tonne must neccessarily include the cadilacs.

Oh, did I mention that some of the larger and or special stones could be worth $1,000,000.00 each. Bonus.

What would the numbers look like for 35 million tonnes? I will allow Teevee the honor of calculating X 10.
Happy investing and I sincerely hope that you did not let the packrat talk you into selling your shares.