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Gold/Mining/Energy : Winspear Diaminds (Bulls Board) -- Ignore unavailable to you. Want to Upgrade?


To: peter matson who wrote (192)2/2/1999 7:47:00 PM
From: The Fix  Respond to of 1172
 
WSP did not give this info out. Gem Quality or not. But, the high Carat per Ton valuation Suggests very good Gem Quality Ice is to be found from the 22 large rocks.

The pieces of the Jig Saw Puzzle are starting to fall into place.

Happy Trading,

fIXER




To: peter matson who wrote (192)2/2/1999 7:48:00 PM
From: russet  Read Replies (1) | Respond to of 1172
 
Numbers come from the Jan15/99 news release.

67.72 carats over 1 carat

3 chunkers are 25.28 carats

That leaves 42.44 carats over 22 diamonds

42.44 / 22 = 1.93 carats average per diamond

Take out the three chunkers and the rest of the parcel (macros, micros and our 22 over 1 carat, gem stones and we get the rest valued at $83.26 per carat.

1.93 ave carats times $83.26 = 160.69 average value per diamond
which is better than gem quality by a lot. It is fair to say these diamonds are excellent quality just like their big brothers and sisters.

Keep in mind, all these diamonds came from a sample of 200 tonnes.
226.72 carats times $301 per carat = $68242.00 . 200 tonnes is not even a nibble out of the 10 million +++ tonnes of this stuff likely to be drill proven during the winter program this year. And then there is the summer program...........

This is a no brainer folks. Cannacord and Yorkton are accumulating and brokers in all companies, even the banks are talking about this one. One day you will wake up, and the price will be $10.00 and climbing and you will wonder why you were so blockheaded as to not buy some now.

russet