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

To: russet who wrote (15282)	2/26/1999 4:56:00 PM
From: Andrew	Respond to of 26850

I wonder does anyone know how many tons can each truckload carry so that we can estimate how many truckloads there will be. Andy

To: russet who wrote (15282)	2/26/1999 5:52:00 PM
From: Rick the Vet	Respond to of 26850

These deals always take longer than you think. Yes they can scoop up the sample after they blast but they have to remove the overburden. Here is where I hope they take their time so as not too get too much waste rock mixed in with our sample. Once the site is stripped and prepared I think it won't take much time to remove the sample. As far as the trucks go Andrew I don't know but your average end dump hauls 12 yards of crushed rock so that puts about 35 tonnes of sample or about 60 truck loads per site. Just look at last year's 200 tonne sample. They started on March 5 and didn't get results until Mid June. Of course if they don't have to wait for the plant to run their samples we might get started a little sooner but we have much more material to process. Maybe mid June is too optimistic? In any event their will be a lot of things going on now to support the share price and potential buyers don't have time on their side like they have for the past month therefore they will be more inclined to chase it up in value a bit. Look at MPV -- 36 million tonnes at $93 (from a 50 tonne mini bulk I might add) and roughly 36 million shares outstanding. their 36% has a NAV of $33.48 so it currently trades at about 9% of that. WSP -- 20 million tonnes at $300 and 40 million shares NAV $100 so we are trading at about 3% So I think there is considerable room to the upside.

To: russet who wrote (15282)	2/26/1999 6:36:00 PM
From: .Trev	Respond to of 26850

Hi Russett I think you're glossing over a few factors. Last we heard they were still drilling to try to decide where to locate the N. Shore pit, and meantime were already blasting on the peninsula. So I think the N Shore sample will of necessity be the last one out no matter what WE might prefer. As far as I know it's not yet confirmed that the samples will be processed at Lupin but if they are you have to remember that Echo Bay's operation is closed and the Lytton mill, and camp have been mothballed since last year some time. It's not like just plugging in your shaver you know. There's work to be done. The logistics would be horrifying even closer to home but in NWT it's a daunting task. Only God and this spanish girl Nina something know for sure what the weather and the ice road are going to do. We'll be lucky if the sqamples get to the plant on their schedyule ---- I just feel in my gut that your schedule is in fantasy land. But of course it's nice to dream. No doubt the bulks have got to be top priority. Cheers I don't want to be stuck in the mud but I do like to keep my feet on the ground.We only have to talk about it RT has to make it happen.