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

To: maintenance who wrote (15276)	2/26/1999 4:02:00 PM
From: russet	Read Replies (3) \| Respond to of 26850

Okay maintenance, let's speculate on the bulk sample NR release dates. If I was a smart, honest guy like we know our RT is, I would want those bulk sample results as fast as possible, before I started to waste millions of Canadian $$$$ drilling a dyke that may not have the goods. I would have that North Shore dyke 2000 tonne sample in bags now, and be starting to ship it to the processing site. I would have scheduled a block of time at the plant ahead of time, so I knew the results would come quickly. At the same time I would be getting that long list of employees I now have (check the website lately?), to prepare the two sites on the NW peninsula for bulk sampling. 2 weeks or so to process the first 2000 tonne bulk sample, complete with sorting, then I got the NR for carat size, number of diamonds and total carats for the North Shore, others to follow shortly. Trip to Antwerpe for valuation, and 2 weeks later the second NR comes. Total time 3 weeks + 2 weeks for unexpected delays says the first NR on bulks should hit the airwaves by early to mid-April, followed in a week by more. Only knowing we have a great valuation $ US/carat (can we duplicate or better $300 US/carat?? I pray each day to the Big Chunker God that we can), would I waste much more money drilling the lake, when the land based targets are more likely to be mined first. If the valuations suck, then I can conserve what's left of that $12 million for work on the Hilltop and Carat properties. So mid-April is my guess, any others???? Give some reasons for critical evaluation by our resident experts. At least we can learn something while we twist in the wind. russett