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Gold/Mining/Energy : WillP Speaks on Winspear -- Ignore unavailable to you. Want to Upgrade?

To: Tomato who wrote (89)	3/6/1999 12:50:00 AM
From: Tomato	Read Replies (1) \| Respond to of 177

Author: WillP -- Date:1999-03-05 18:16:39 Subject: G10: Put That In Your Pipe & Smoke It Mr. Pyrope: Exactly. I've asked myself that very question many a time...on this and other issues. The bottom line of mining is tonnage and grade. The shape of the tonnage is comparatively trivial. Yes...you can open pit a good sized pipe, but not one in the middle of Snap Lake. I amost wish you hadn't invoked Dr. Folinsbee's name, but in any case, I would tend to agree with him here. The 'source' is most likely at fairly significant depth, and as such is probably pretty small. Source? Or sources. I cant remember who...I think it was 'jspec'...who suggested there may be two such sources. Sure. There may be seven. They do after all occur in 'clusters', and we're talking about a pretty fair area here, after all. But... The bottom line is tonnage. The task is to prove it in the NW dyke, and on the north shore. So what if there is a 5 million tonne pipe discovered 2 km east of the NW dyke. What are they going to do...burrow 2 kilometres through perfectly good kimberlite to get to said pipe? I don't think so. :-) You may find that the company is already holding a card or two hidden. That might just account for the attitude around the 'Spear insiders these days. :-) There will certainly be a fall campaign if the bulk sample results and tonnage warrant it. (I'm fairly confident of the results warranting it.) There will be sufficient cash on hand until next year....look for an additional fundraising at an appropriate share price. Probably fall? You're right...I'm sure the biggest thing on his mind right now is raising the capital. After all, what else does he have to worry about? Maybe hiring an independant 'signature expert'? (rotflmao...I'm kidding!) Randy's job is to raise cash...and yes, he's been very successful at that in recent years. I don't expect to run out of news or bucks in the near future. Regards, WillP