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

To: Cohiba who wrote (13072)	1/21/1999 11:26:00 PM
From: Tom Cat	Read Replies (1) \| Respond to of 26850

Cohiba, MPV has over 35 million of proven and probable deposit so far, with very good (perhaps one of the best in NWT)value per tone, They are trading at 2, they are about 2 years ahead of WSP in the exploration timeline....so how can WSP sustain these levels ?.....I have to agree with Francois that after the next week's news, then there will be a long silence (of the lambs?).....I see WSP under 2 during the summer months....but I've been wrong many times before...hope this is one of them. TC

To: Cohiba who wrote (13072)	1/21/1999 11:44:00 PM
From: russet	Read Replies (2) \| Respond to of 26850

And Winspear thinks they have found the pipe that fed the NW dyke. Reading from the Oct.14/98 drilling report hole CL98-17 returned a 2.5 metre intersection of kimberlite typical of the NW dyke at a depth of 478 metres that is hosted in granitic material. The slope of the dyke is changing to a vertical orientation and the hanging wall of host granite is marked by significant alteration of the enclosing granitic rock - that happens when the host rock is exposed to the superheated kimberlite liquids as they blow up a kimberlite pipe causing a chemical and physical reaction in that exposed granite to form a new, mixed type of rock. As the liquid kimberlite moved out to form the rest of the dyke it cooled sufficiently to stop that reaction from occurring and hence the other intersections don't show that altered wall. CL98-17 is the furthest east hole in the lake and IMO very close to the feeder pipe. It seems like IMO Winspear is telling us where the pipe is within that "95% confidence level" and that they expect the tonnage to increase even more.......in other words, buy some more stock while its cheap and still owned by Canadians. Russet