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

To: c.r. earle who wrote (13356)	1/26/1999 6:58:00 PM
From: E. Charters	Read Replies (2) \| Respond to of 26850

We are looking at $1.50 to 1.90 tomorrow. Major sell off. 2,000,000 shares or more. The 6000 tons will be long time coming. On the bright side those who play from the much cheaper price will be able to do it all over again :) The facts are that the South Africans used to mine 10,000 tons from each level just to figure out whether or not to take the whole level. A wedding ring occurs every 100 to 200 tons. You cannot tell kimberlite from drilling unless you are taking massive samples from continuous 6' inch "pipe" core. NQ just don't make it on 8 foot intersections. mailto:echarter@mineletter.com

To: c.r. earle who wrote (13356)	1/26/1999 7:03:00 PM
From: Chas.	Read Replies (3) \| Respond to of 26850

They have left the Macro counts out due to continuing analysis (their own words) the bottom line of the report is that every where they have drilled and sampled and performed CF they have come up with a fairly uniform diamond distribution, which goes to support the original 200 ton mini bulk sample results. In other words the diamonds are there most likely just like the 200 ton mini bulk but only the 6000 ton bulk can prove beyond a shadow of a doubt. They have left the door of suspicion open by leaving the macro counts out of this report....IMO the market will perceive this as a neutral event........small sell off over the next week or so..........