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

To: teevee who wrote (14895)	2/17/1999 3:25:00 PM
From: .Trev	Read Replies (1) \| Respond to of 26850

Hi TeeVee! If we get the same distribution of large stones, and if we make some reasonable assumption about the proportion of good gem quality large stones, And without going into overdrive Correct me please if I'm wrong but that seems to me to work out approximately to 30 % of say 10000 cts gem qual at 2000$/ct which comes out to $6MMCan. Is that what RT meant when he said at the Cambridge "there's not too many projects where the exploration will just about pay for itself. WSP's portion of the cost must be about .68 x $12 MM which is just over $8 MM. Can that be right?????? Just in simple figures, most of us are at least a bit simple. RT also said it wasn't instant cash because the stones had to be locked up pending Govm't inspection and valuations etc. Cheers