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

To: Rocket Red who wrote (16382)	3/22/1999 4:40:00 PM
From: teevee	Read Replies (1) \| Respond to of 26850

red, If the diamond quality from Snap Lake rivals diamond quality from the Mir pipe,WSP does not need a marketing agreement with DeBeers or their CSO, unlike producers of lower quality/value diamond like Ekati and potential producers of Indian goods like Aber/Diavik. DeBeers with have to either risk buying up the Snap Lake production through proxie diamentaires, at full wholesale prices for rough, so they can distribute the stones through CSO sales, all the while being faced with the possibility of RTP buying WSP, sleepless night after sleepless night, or they can buy WSP themselves and have absolute controll of the large white gem supply from Snap Lake. Do you think they would like a repeat of the headache Mir gave them for about 40 years? DeBeers had trouble matching the white color of the Mir diamonds with the inferior South African capes. This was a constant marketing headache for DeBeers as their stones to this day have a varying yellowish tint, and therefore are of inferior quality. Would DeBeers want to establish and have entrenched a reputation for second rate goods? I think not. regards, teevee