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


To: LaFayette555 who wrote (15609)3/10/1999 10:07:00 AM
From: Walt  Read Replies (1) | Respond to of 26850
 
Weather reflections
Its odd the way things work out, the trucking season is shorter this year because of the mild temperatures but it appears they may have more good working days because of it as well. At least so far we havent had any major blizzards snow storms or wind storms.
A good strong windy day drifts the road it and shuts it down untill they can replough. Fourty below may make ice but its a devil to work in and a blizzard can confine everyone to camp.
One year just towards the end of the hauling season a blizzard blew up and drifted the road in. By the time they got it cleared it was too late to get a lot of the vehicles out and a bunch had to spend the summer parked on the barrens including the pick up trucks of a bunch of caribou hunters/ice fisher folk. A heavy price to pay for that last fishing trip.
It sounds like they are taking the bulk sample to the Aber Kennecot property which means the barrenland leg should be driveable for a week or two after the southern leg of the road shuts down.
You can drill on the lakes for several weeks after the road goes as well.
In the spring there is literally a melt line you can watch moving north. It can be shorts weather in Yellowknife and still be parka weather on the barrens. One of the things which surprizes people about spring in the north is the amount of sun and tan you can get in the spring. You have the overhead sun plus the reflected sun from the snow and even when its cold you get a double dose and having a bad face sunburn at 40 below is really odd. Also it burnss the underside of your nose, a place which usually doesnt get sun burnt. If you go to the barrens in the spring take your sunglasses because snow blindness is no fun at all either.
regards Walt



To: LaFayette555 who wrote (15609)3/10/1999 11:30:00 AM
From: brian krause  Read Replies (1) | Respond to of 26850
 
Francois, even a bear like you appears to be not so bearish.

If you were to decide to hold WSP till the bulk was processed I would consider that to be "new money" in the stock.

There is also a considerable number of investors that do not have as high a risk tolerance as I do. These will flood the market when shown proof of the valuations that have been stated.

bk