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

To: Tom Cat who wrote (13420)	1/27/1999 1:46:00 AM
From: E. Charters	Read Replies (1) \| Respond to of 26850

I like the Gitennes deposit. So did Cambior. The paid big bucks for it. What would I do different? Well for starters where does drilling get you? You know at the outset what the gamble is. I suppose that is why they have a 6,000 ton bulks sample going. Let me give you a broad hint. What does a 300 ton a day ball mill cost? Lets say 1 million dollars. What is a cone crusher worth? ok.. 125,000 dollars. A jaw? About 100 K for an ample one. Belts about 100,000. Assorted pumps, cells etc.. some more.. Now how much does it cost to drive a ramp? About 450 dollars a foot, tops. I have worked on my own in exploration for about 23 years. I have also worked for various companies throughout that time in varied capacities. I have studied geology, mining engineering and technology at three universities. I have been a miner, a superintendant, a geologist, prospector, millhand, surveryor and assayer. But you don't play the market on where somebody has been. Many a non geo has made a million.. many people well steeped in the business lose money consistently. I don't think Bernard Baruch knew much geology. But he knew stocks and he knew people. WSP could be figured from the market. You do not need a degree in diamond physics to understand the play. A geo has one advantage over the average player. He knows what is what after the news come out. Sometimes that is a terrific advantage. You had 3 months to buy Diamond Fields. It was the no brainer of all time. Diamet stood out like a beacon at 1.00. The biggest hit in North American history. 89 diamonds in core. You know what I predicted on that single drill hole? Diamet's eventual price to the dollar. 65.00 bucks. And you know what else I predicted? I predicted that Canada would outproduce South Africa in diamonds some day. Before the internet I would go out on the bulletin boards in the states raving about Canadian diamond mines. I was never in my life greeted with such a breeze of glacial apathy. I used to post on this bulletin board in the States put out by a company called Wildcat software. One time a guy made fun of me and said... what is a Canadian diamond...? a cubic Zirconia..! yuk yuk yuk.. I call my exploration company Wildcat Resources. I own claims up ice of the largest diamond trains in the World. I mean diamond train, not indicator train. 20,000 diamonds. And no it's not in the NWT. I used to explore for diamonds in BC in the mountains for the Selection Trust who owns DeBeers. Up the valley about 20 miles was another guy who was looking for another company. His name was Charles Fipke. Those Canadian diamonds were found in place in the NWT in 1955. They wrote it down in a book. Send me 500,000 and I will send you the book and give you a good start. EC<:-}