Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: average joe who wrote (15003)	2/19/1999 11:53:00 PM
From: teevee	Read Replies (2) \| Respond to of 26850

Shaun, Message 7922912 read and learn....

To: average joe who wrote (15003)	2/20/1999 11:10:00 AM
From: Walt	Read Replies (1) \| Respond to of 26850

Nice trick question Joe, I bet you had to think about it for awhile. There is only one mine North of sixty for diamonds that one could get figures for EKATI. It is a big mine, put in by a big company and they put in big bucks because they wanted a big flag ship operation. Its akin to taking the biggest most expensive gold mine anywhere in the world and saying, hey no one can build a viable mine for less. Your logic and numbers simply dont work. You know it, (I hope) I know it and anyone with a wit of intelligence about the buisness knows it. Face it Joe you shot yourself in both feet with "IT TAKE A HALF BILLION to build a mine and/or you need ore worth $2000 a ton." Its a little like saying GEE it cost GM 75 million to design a new car and a billion to put it into product so no one could design or build a car for less. Each mine is a unigue situation they vary in price from a few million on up, profits depend on costs vs grade vs recovery. Think about it a bit. regards Walt

To: average joe who wrote (15003)	2/20/1999 12:13:00 PM
From: Walt	Respond to of 26850

Joe I will admit your statements and logic bugs me because they are so absurd yet I fear people not in the buisness may not see just how silly they are. Its like saying Bill Gates just spent $50 MILLION TO BUILD A HOUSE IN THE US SO OBVIOUSLY NO ONE COULD BUILD A HOUSE IN THE US FOR LESS. Everyone should be able to see that is an absurd statement. Just like saying Gee Ekati cost a half biillion to build so no one can possible build a diamond mine for less. Heres the facts. When an ore body get discovered the number crunchers mine design people and the mill people do all sorts of work and calculations. Grade, tonnage, investment rate of return, mine life etc all get put into different models. They do the cost profit ratios for a number of different size operations. Then it is up to the company to decide what size mine they should build. In their global stradegy they may infact opt for a bigger less profitable mine over a smaller one becuase they want to capture a certain percent of the trade. I suspect Ekati did this. They had the bucks and wanted a world class mine. A smaller company may well of opted for an operation which cost considerably less.And it might even have been more profitable over a longer term. Joe obviously you dont like WSP and every post you have is agin them. I could care less expect when you come out with utter nonsense about mining numbers. Then I really take exception to the BS. regards Walt