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


To: gg cox who wrote (12146)1/16/1999 11:17:00 AM
From: Cohiba  Respond to of 26850
 
Great news!

I'm sorry I missed all the action yesterday!

I think this news release confirms that the probability of a mine at Camsell Lake is very high indeed. What else can we ask for? When this NR is digested by those who have the knowledge, WSP will climb very fast.

As a comparison here are some numbers on the Ekati mine:

Average value (US$/ct) 84US$
Grade 1.09ct/t)
Cash operating costs 30-35 US$
Proven reserve 43.5 million t
Probable reserve 22.4 million t

As for the future Diavik mine:

Average value (US$/ct) 56US$
Grade 3.7 ct/t
Cash operating cost N/A
Proven reserve 20 million t
Probable reserve 6.7 million t

Camsell Lake

Average value (US$/ct) 301US$
*without the 3 biggies 83US$
Grade 1.14 ct/t
Cash operating cost 59US$ (assuming only 1000 tonnes/day)
Proven reserve (?) 10 million
Probable reserve (?)

Regards,

Cohiba