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

To: Gord Bolton who wrote (13398)	1/26/1999 10:35:00 PM
From: freddy	Read Replies (3) \| Respond to of 26850

Take the Three largest stones from the two pits [.234, .208, .130 ] total cts.=.572/536.8KG = 1.0655 ct./ton. NOT BAD FROM THREE STONES. Take the Three largest stones from the drilling [.747, .691, .469 ] total cts.=1.907/1200.75KG = 1.58817 cts./ton.EVEN BETTER FROM JUST THREE STONES. Man, I'd say those numbers look pretty GOOOOOD!!

To: Gord Bolton who wrote (13398)	1/26/1999 11:13:00 PM
From: E. Charters	Read Replies (4) \| Respond to of 26850

What we don't know about Winspear: * that is has a very abundant micro-diamond count which seems to be uniform through out the whole area. Nope, we don't know that. This is the first microdiamond count we have had. I have seen better in 100 Kg's. Don't make the mistake of counting the normalization numbers. They are extrapolations. * has a very good proportion of macrodiamonds in relation to microdiamonds. what does that mean? Do you know this? Where do you get comparative figures? If anyone knew what micro to macro meant they would know the grade, which they don't and they don't. * has large macrodiamonds from the mini-bulk sample. if you trust the sampling * has a large proportion of high quality diamonds. See above * has a large proportion of clear fancy colored diamonds. proportions like this require greater numbers for validity * has already drilled off enough tonnage to support a profitable mine with a great return to the shareholders. has nowhere near the tons needed to start a mine. All tons are theoretical until grade X tons is established. * has potential to greatly increase the size of the Snap lake deposit in the next couple of months. greatly, no, increase maybe. * has exploration programs underway on other properties in the area with very positive indications. good thing too. * has a large budget tagged for immediate work including a 6000 tonne bulk sample large enough which will add confidence to the data base used to project economic predictions for a mine. irrelevant to the database unless they make a discovery * programs are in place to create a Canadian Diamond cutting industry. which is probably a bad mistake * will have access to the American market and is in no way dependent upon DEBEERS. Like DeBeers never sold diamonds in the US :) * funds in place for the current program and will in all likelyhood have little difficulty raising financing for mine development if the bulk samples provide further positive results. a truism, proving nothing Your prediction: I predict nothing. I fear it will have a sell off. EC<:-}