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

To: Chas. who wrote (13358)	1/26/1999 7:18:00 PM
From: Chas.	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..........

To: Chas. who wrote (13358)	1/26/1999 7:22:00 PM
From: E. Charters	Read Replies (2) \| Respond to of 26850

Guess again. What comes out of a kimberlite comes out of a kimberlite. they have no Macros of size or they would have recorded them. Why drop their own market? Anyway the said that they have stones of up to .234 carats. They were all counted. Diamonds + 1.18 mm x 1.18 mm 2 21 1 10 1 9 ------------------------------------------------------------------ normalized to diamonds / 1000 kg) 37.2 57.0 12.1 41.5 11.6 24.3 ------------------------------------------------------------------- Those are their macro diamonds. A macro is all diamond above 0.50 mm. Well if they counted up to .234 carats then what you have above is the count. 44 diamonds above 1.18 mm. Those are the Macros. What they told you is they "are only doing a micro evaluation" well that is because that is all they have. EC<:-}

To: Chas. who wrote (13358)	1/26/1999 7:31:00 PM
From: E. Charters	Read Replies (2) \| Respond to of 26850

Let me clarify. They counted all the diamonds they found. There are no more diamonds to be revealed. What they have done is word this count as a microdiamond count. This is untrue. It is a count of all the diamonds. What they are saying by evaluation is that they are trying to factor it to extrapolate the macro diamond count that may exist. That is what grade correlation means. They should see the VSE standards committee before they go publishing any of those figures. You cannot do that in a gold mine. I don't know if you can do it in a diamond mine and in their own words they don't either. EC<:-}