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

To: WillP who wrote (130)	3/27/1999 1:43:00 PM
From: Tomato	Respond to of 177

Ayyy! Does this means you joined SI? Welcome aboard. Now you get to learn the secret handshake. ;-)

To: WillP who wrote (130)	3/27/1999 2:33:00 PM
From: ddl	Respond to of 177

Welcome to SI, always enjoyed your posts, and I'm sure everyone else has to. Looking forward to more of your analysis on WSP - denis

To: WillP who wrote (130)	3/27/1999 3:03:00 PM
From: Gord Bolton	Read Replies (1) \| Respond to of 177

Good Afternoon WillP and wellcome to SI on behalf of thousands who have enjoyed reading your posts. Just a couple of comments and would appreiate your thoughts. I believe that Southernera's M1 is currently the richest kimberlite deposit that is being mined today. SUF's M1 has an estimated tonnage of 1/2 million with a possible .7 million tonnes maximum. "Marsfontein Joint Venture Production (SUF 40%/De Beers 60%) ----------------------------------------------------------- SouthernEra Resources Limited (SUF-TSE) is pleased to report that in January and February, 1999, the remaining 197,006 carats of the 1998 production of Marsfontein M-1 diamonds was valued by De Beers at an average price of US $130.74 per carat. During the 4-month period, September to December, 1998, 528,754 carats of diamonds from the Marsfontein M-1 pipe were recovered, with a total value of US $83,340,966. Total production of diamonds from the M-1 pipe, from September 1998 to-date, now stands at 650,875 carats. More than 80% of the total value of production to-date has been contributed by diamonds of one carat or greater. These larger diamonds constitute slightly over 50% of the total carats recovered." newswire.ca Winspear may match or significantly exceed the value per tonne of the M1 with 10 million tonnes proven and 20 to 100 million possible. With regard to mineable widths, REX diamonds was very pleased to think that they might have an opportunity to mine a fissure in Sierra Leone which was of lesser grade and a fraction of a meter in width (.25 to .3m or about 1 foot). Message 8555665 SUF had no problem climbing to $20.00 with less sampling than has been done to date at Snap Lake. I mention these matters because some have suggested that the last NR did not meet "expectations" and that some are expecting a sell off on Monday and an opportunity to buy at lower prices. My thoughts on this are quite simple. If you have an opportunity to buy some cheaper-grab them. But I certainly would not suggest that anyone sell with an expectation that they will be able to buy cheaper. The folks who can do the math on this are wondering why we are not at $20.00 already and the folks that can't are saying -I don't believe the math -show me the big diamonds and the profits first. Appreciate your thoughts. Oh, and one question. Are you coming over to the Winspear thread or do we all have to bookmark three threads?

To: WillP who wrote (130)	3/27/1999 3:28:00 PM
From: WillP	Read Replies (1) \| Respond to of 177

Greetings: A few things stand out from the drill data available. Some of these are perhaps misconceptions, misinterpretations, or just strange... #1. "Actual thicknesses are only 90% of intersections." Oh really? Well, if the dyke dips to the east at 12 to 15 degrees, the operative question is, "What is the cosine of 12 to 15 degrees. The answer is 0.97 approximately. Therefore, the true thickness of the dyke should be 97% of the quoted values. In other words, given an intersection of 3.3 metres, the true thickness should be 3.2 metres. If the average intersection is 2.5 metres, the average true thickness would be 2.425 metres. The difference is rather small. One could elect to use the larger number and still be very close. The specific gravity of the kimberlite isn't known by us to within 3%, after all. :-) #2. "The average dyke intersection is 2.57 metres." Oh really. No it isn't. The average of all drilled holes is that. Unfortunately, most of the holes are drilled in a very small area on the northwest peninsula. So...let's look at teach grid square. M12 ..... 2.4 metres ...... 1,000,000 prob. M13 ..... 2.5 metres ...... 1,000,000 prob. L11 ..... 1.7 metres ........ 350,000 prob. L12 ..... 2.6 metres ...... 1,000,000 prob. L13 ..... 2.9 metres ...... 1,200,000 prob. L14 ..... 3.4 metres ...... 1,350,000 prob. L15 ..... 2.5 metres ...... 1,000,000 possible L16 ..... 2.4 metres ...... 1,000,000 possible K11 ..... 2.4 metres ........ 750,000 proven K12 ..... 2.7 metres ...... 1,100,000 proven K13 ..... 3.2 metres ...... 1,300,000 proven K14 ..... 2.5 metres ...... 1,000,000 probable J11 ..... 2.8 metres ........ 750,000 proven J12 ..... 2.5 metres ...... 1,000,000 proven J13 ..... 2.0 metres ........ 800,000 proven TOTAL ... 2.7 metres ..... 14,600,000 tonnes Of these, 5.7 million tonnes are, in my mind, proven. A further 6.9 million I class as 'probable', and an additional 3 million tonnes are possible based on the data. The ore remains open to the north, and east. Given a suitably high valuation, the dyke may be minable to a one metre cutoff. This adds the following tonnages: J14 ..... 1.2 metres ........ 500,000 probable J15 ..... 1.0 metres ........ 400,000 probable I11 ..... 1.3 metres ........ 400,000 proven I12 ..... 1.5 metres ........ 600,000 proven I13 ..... 1.7 metres ........ 650,000 proven I14 ..... 1.0 metres ........ 400,000 probable Clearly, the tonnage is growing rapidly. As far as I can ascertain...everything is well on track. Regards, WillP Oh...one last thing...if you look closely, you can probably see the missing hole dots on the map. They align exactly with the grid lines. Regards, WillP

To: WillP who wrote (130)	3/27/1999 3:30:00 PM
From: Rick the Vet	Respond to of 177

Welcome to SI WILLP. Yeah. Nothing unexpected in the news release just good honest boring tonnage being proven up. What will the share price be Monday? Who knows? One thing is for sure the big buyers don't like surprises just good honest predictable tonnage. Funny how the last few news releases the resident SI'ers were calling for a massive runup come Monday. Now after this one there is not much Hype (comparatively anyway). Maybe the noise on this thread is a contrarian barometer. Have a good weekend and thanks for your input.