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


To: .Trev who wrote (16738)3/25/1999 2:34:00 PM
From: teevee  Read Replies (4) | Respond to of 26850
 
Trev.,

RUMOR ALERT

Last load of 6500 tonnes has left Snap Lake and on its way to Lupin...wide spaced drilling on North shore confirms thicker kimberlite(5 to 6 meters) on north half of cone sheet....

If the rumor is true, IMO, the geological inference of 100-120 million tonnes has just been up-graded to drill indicated. If overall average thickness doubles to about 5 to 6 meters on the north shore, the total tonnage resource could increase dramatically again, impact where underground mining starts, method of mining and initial and ultimate size of mining operation. No wonder volume and share price has moved up.
regards,
teevee