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

To: Rocket Red who wrote (17046)	3/28/1999 11:05:00 AM
From: WillP	Read Replies (1) \| Respond to of 26850

Red: Funny thing...like you I would have sworn it was only a month ago. I had to laugh when I saw the news release. Well, we were both off by a month. About speculation points. Probably the best point was last spring, at less than $0.50...or even less than $1.00. At that point we had access to the CF results from a number of small samples that yielded fairly large stones. That one stone about 3.5 mm from the southeast dykes probably weighed around 12 points. To me it was a good bet from that point on. Having a mini bulk sample in progress at the time was an added bonus. But you can't go back in time. Today it costs you more. After the bulk sample...probably much more. I'm looking forward to the CF results....not from a large stone angle, but for consistency. I would also be looking for a decent population in that +1.18 millimetre bracket. It's quite possible that the largest stone will actually be smaller than the one found in last fall's drilling. At 0.75 carats...that was fairly large, after all. Remember that the mini bulk only had a one carat stone per 8 tonnes....so what are the chances of finding a three quarter carat stone in two tonnes? Probably 50/50 just off the top of my head. The 6 to 7 thousand tonne bulk sample....now that should provide a good range of large stones. :-) Keep the faith WillP