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

To: average joe who wrote (15033)	2/21/1999 10:35:00 AM
From: teevee	Respond to of 26850

average joe, Why do you continue to avoid answering a few simple questions? 1. Would Echo Bay's Lupin mine still be operating if the grade was .5 OPT? 2. Where is your Curriculum vitea? 3. Why have you not yet told us (either here or on the stockwatch thread) the name of your Russian diamond expert buddy is who lives within 2 miles of Winspear? You said you would. 4. Is it true you look like Alfred E. Newman with shoulder length hair?

To: average joe who wrote (15033)	2/21/1999 10:45:00 AM
From: Walt	Read Replies (2) \| Respond to of 26850

Joe Once again you want to twist things said to fit your own agenda. Youre the one who made the outlandish statement that it takes a half billion to build a mine and /or one needed $2ooo rock. That was an absurd statement and you know it. Wsp is in the exploration stage it has proven, probable and possible tonnage. Those are technical terms. They are drilling turning up more reserves and changing the probable and possible into proven so as you well know the tonnaage isnt known yet.But 10 million tons which is what the scoping study talked of is not small. No one but you said it was going to be a mom and pop operation but mwhen pointed out that SUF and others have successfull profitable mines at considerably less then your magic half billion the best you can throw back is ah yes a different climate in the north. True but it has pluses and minuses. In the NWT we dont have to hire many mercenaries to protect the mine site. Also we can put winter roads into just about anywhere etc at al. Cone sheet is a standard defn and term its in the books just like oraneite. So are fissure deposites etc et al. This is not a pipe so it is diferrent. I'm not sure exactly what it will turn out to be, further exploration will tell. You seem to be stuck in the mind set if it is not a pipe it cannt possible be a mine. So you follow but dont lead. If its a fissure you would ignore it I suppose you would have said the Argyl cannt exist either because it is not a kimberlite pipe and they used the really weird term lamprolite.Some lead Joe other follow, some mines are found others are made. Nothing wrong with being skeptical and it is up to everyone to invest or not to, but what really is your agenda Joe. Also what I really object to is cross erronious statements pro or con. Statements which those not familiar with the industry might take as fact. I still find your half billion for a mine and/or $2000 ore ludacris but you wont admit that those numbers are unreasonable, made up and a distortion. WHY IS That. You go frfom Its got to be a half billion or its a mom and pop operation. I just fail to see your logic here. Its the same as Its got to be a pipe to be a mine because Ekati is pipes but other occurences mined around the world which arent pipes you again fail to consider. Will AWSP find a mine, time drilling and exploration will tell, that is what exploration is all about. In my experience ever deposite is unigue. Some fall into nice models others make the model which others then start to look for, but each deposit should be looked at with its own merits pro and con. Take care Joe and dont be so afraid of the unknown that is what exploration is all about. If you go exploring with the attitude that you know it all and every mine has to fit the narrow model of existing mines then you will never find anything new and to me that is part of the fun and lure making new discoveries. When Fipke and Diamet first found kimberlite lots of people were like you and sid impossible if there were diamonds in Canada someone would have found them by now. Others said oh iits a hoax the pipes are too small they dont fit the South Africian model. Still others said sure they found something but it will never be a mine, its on the barrenlands. Personally I hope WSp makes it because the more types of deposits the better. When I prospect I dont care if it a kimberlite pipe, an orgenite dyke, a lamprolite sill, if it has the tonnage and grade in my books its a mine. Im also sure that some mines are going to be found on ground others let lapse because they had too narrow of a defination of what they were looking for. regards Walt

To: average joe who wrote (15033)	2/21/1999 11:22:00 AM
From: Gord Bolton	Respond to of 26850

Joe, can you imagine how totally pissed the diamond industry is going to be when they realize that you knew all along that it takes $2000.00 per tonne ore to make a mine and you didn't tell anybody until 1999. Why have you been holding out with this important information for so long. I guess you will be shorting the entire industry and I'll just bet that they are shaking in their collective boots waiting for the inevitable total wipeout of their stock values. But wait--how can it be that some of these mines are actually profitable. I think that we had better call in the KGB to audit their books. This is obviously a world wide conspiracy going on here. World Diamond Mine League -- Value U.S. $ per Metric Tonne* Klipspringer M-1 Pipe (South Africa)----- 478 Aber-RTZ Diavik (Canada)----- 210 Jwaneng (Botswana)----- 139 Klipspringer Leopard (South Africa)----- 106 Udachnaya (Russia)------ 100 Dia Met-BHP Lac De Gras (Canada)----- 92 Venetia (South Africa)----- 78 Koidu Fissure (Sierra Leone)----- 63 Jubilee (Russia)----- 53 Letlhakane (Botswana)----- 50 Other fissure mines (South Africa)----- 48 Dancarl Fissure (South Africa)----- 45 Helam Fissure Mine (South Africa)----- 36 Aykhal (Russia)----- 35 Argyle (Australia)----- 32 Orapa (Botswana)----- 31 Finsch (South Africa)----- 31 Miba (D.R. of Congo)----- 31 Guaniamo Fissures (Venezuela)----- 25 Kimberley Mines (South Africa)----- 20 Premier (South Africa)----- 20 Koffiefontein (South Africa)----- 15 Namdeb (Namibia)----- 14 Williamson (Tanzania)----- 11 River Branch (Zimbabwe)----- 8 Kelsey Lake (U.S.A.)----- 6 *Best available estimates. Mostly after Terraconsult (Diamond International Jan/Feb 1996 and Jennings (1995)).

To: average joe who wrote (15033)	2/21/1999 11:44:00 AM
From: Gord Bolton	Read Replies (1) \| Respond to of 26850

Joe, here is a link to an excellent article on diamond exploration and sampling. iinet.net.au

To: average joe who wrote (15033)	2/21/1999 12:37:00 PM
From: Gord Bolton	Respond to of 26850

From the Ashton, Australia Website--Merlin project. You will note that there is no expectation of $2000 per tonne ore and that capital costs are less than $30 million. Ownership, Location and Project Description Merlin has progressed to Stage One Mining Development with first production scheduled for January 1999. Pipe grades range from 8 to 129 carats per 100 tonnes. Bulk sampling and diamond valuation results have been received for four pipes, with valuations ranging from US$41 to US$140 per carat. The largest stone recovered to date is from the Launfal pipe and weighs 10.9 carats. Project Aim A staged development is planned for the Merlin project. Stage One will involve trial-mining by open pitting several pipes including the four pipes already bulk sampled (Palomides, Sacramore, Launfal and Excalibur) and bulk sampling from other kimberlite pipes over a 2.5 year period. A central plant is being constructed and ore throughput will be a nominal 700,000 tonnes per annum. Ore grades during Stage One are expected to average approximately 0.43 carats per tonne and revenue is anticipated to be approximately $30 million per annum. Capital costs for the project are estimated at $28 million. During Stage One, information gathered from the initial development phase and through an on-going program of research and development will allow a decision on longer term project development. This may include further open pit development on some of the other Merlin pipes together with underground development. If appropriate, the plant can be doubled in size to around 1.4 million tonnes per annum. Current Status - as at 28 January 1999 Ashton progressed to 100% ownership of the Merlin Project with the announcement in October of the acquisition of Western Metals Limited's interest in the project. Mining operations began in November 1998 with Roche Bros. Pty Ltd being awarded the contract to undertake open pit mining duties as well as feeding of the processing plant. Pre-stripping of overburden on the southern cluster of pipes was well advanced by year end and work on construction of the tailings storage facility was nearing completion. Process plant construction activities were being finalised at year end with capital costs forecast to be marginally under budget. Plant commissioning commenced early in January as forecast. Production of the first diamond concentrate is scheduled to commence in late January. Production for the first twelve months is forecast at approximately 200,000 carats from treatment of 550,000 tonnes of ore and in the second year will build up to a rate of 700,000 tonnes per annum producing approximately 300,000 carats.

To: average joe who wrote (15033)	2/21/1999 1:39:00 PM
From: Rick the Vet	Respond to of 26850

It is your exact attitude which enabled me to purchase shares in this company for 65 cents. At that time all my friends were so hung up on the fact that they didn't have a pipe they refused to believe that it is possible to have a very profitable mine without a pipe. Well here we are today and there are still many investors who can't figure out that there will be a mine and it is of little consequence if the source is actually found. IMO that is one of the reasons the stock price is still where it is, presenting yet another buying opportunity. I have not found a stock yet with the potential pay off of this one. There is now very little downside risk and a potential for a 1000 - 1500 percent pay off. Joe-- Here's a tip. Settle your shorts (I actually don't think you have any) take the profit and roll it into SUF. Here is a no brainer. Pay off will only be 100 or 200 percent with this one but at least we know the money is coming in on this one. P.S. Check to make sure the check for that 20 million dollar chunker didn't bounce first, just to make sure everything is on the up and up.

To: average joe who wrote (15033)	2/21/1999 2:22:00 PM
From: John Paquet	Read Replies (3) \| Respond to of 26850

Hi! AJ; Your SYNOPSIS of our wsp is 100% correct, and it is 100% match my market trading ANALYSIS. tHERE is no economic values of diamond in Snap Lake?? The market is very concerned wsp disclosure policy, and it is so unclear as it has no good stuff to disclose, market will get tanked more. Even this current drilling activities, I do not expect anything that could be excited at all. Why the hell 1998 drilling brought us nothing too excited, why would I expect this 1999, if that probabilty in 1998 is .60% to discover something and this 1999 only .36% of chances [as .60% X.60% =.36% by probabilty theory.] jUST cLICK #REPLY-7875654 #REPLY-7886817 Watch this week there are two major disturbing market factors will be coming: 1. Dow, Sp500, ans Nasdaq will get tanked big time, I see Dow down more than 300-400 points breaking that 9100, as Alan Greenspan will talks. When Alan talks Dow scare; when Mr. John Paquet taklks, wsp scare!!!!!!! 2. Month End Friday this week, I see a big sell off in this wsp, as our bullish boys will get wash out in this FINAL CLEAN OUT, i SEE WSP DOWN TO $2.90 BY mONDAY, $2.75 BY wEDNEASDAY, AND $BELOW $2.56 BY fRIDAY MONTH END. tRADING ACTIVITY AND VOLUME WILL PICK UP SIGNIFICANTLY. yAGHOHOHOHOHOHOHOHOHO!!!! wAWAWAWAWAWAWAWAWA!!!!!!! sTAY TUNED!!!!!!! tO SAVE A FEW DOLLARS , EXIT NOW, OUR WSP BULLISH BOYS!!!!! John Paquet

To: average joe who wrote (15033)	2/21/1999 7:29:00 PM
From: teevee	Read Replies (1) \| Respond to of 26850

Average joe/mineman, Did you get a PM from Lee M. Web suggesting you shape up or ship out? Is this the reason why you no longer post on Stockwatch? Evidently a week in Fort Bob didn't do you any good at all, given the nature of your SI posts since getting out of Fort Bob. I wish the Stockwatch moderator, Lee M. Web, would send SI Bob a PM with a tip on how to get you to clean up your act or leave. <<<<This section is primarily intended for items of interest from Stockwatch conferences other than the five most active. The following excerpts from a Winspear-related Silicon Investor post, however, should be of interest to all Stockwatch forum participants. The 'source site' referenced in the post is the Stockwatch Winspear conference. “I have been browsing the source site for this material and feel that SI has somehow lost its way . Its very humbling and just a little embarrassing. The informative nature and high caliber of posts is impressive...We all need to look to ourselves for a little more discipline and hopefully get this forum back to what it once was. We were grandfathered in at no charge............can you see yourself 'paying ' to post here???.............I doubt it.....” The purpose of reproducing the foregoing comments is not to mock the Silicon Investor Winspear thread. A stock discussion site does not pre-select for the quality of its posters; the contributors determine the calibre of the posts and the general nature of the discussion. This being the case, the participants in the Stockwatch Winspear conference deserve credit for their informative, interesting, thoughtful, and, when required, restrained comments. Like-minded posters are encouraged to join the discussions in any of Stockwatch's conferences.>>>>>