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


To: teevee who wrote (17340)4/1/1999 8:40:00 PM
From: Rocket Red  Read Replies (2) | Respond to of 26850
 
TeeVee
Today Dr.Bob Meeting.I'M posting this on behalf of Someone Else and Hope he doesn't Mind.

How much Tonnage?Dr.Bob feels that Winspear has excess of 40mil TONS
Do you think they will find the feeder?They are Drilling however it does not matterthey have 40mil TONs.
Dr.Bob believes that there was a one phase emplacement and it took about 1 minute to take place.
It failed to blow as a normal pipe and shot out in SHEETS.
-200 ton sample had 1-10k diamond and the 6000t sample should have 30+10k diamonds and 1 or more 30k diamond.
Stated that the indicator minerals(G10)were the Highest quality found.
Also stated that becausae of the Snap Lake geography that all of Snap Lake's diamonds are preserved.The land is much higherand the rivers in the area did not erode the area as much.(could be wrong average erosion in area is 700metres while snap lake is 400meters)
He also figures that once the bulk Smaples are out De-Beers will buy out Wsp

This article is very interesting and thats why I posted on behalf of
Good Guy.

Cheers.



To: teevee who wrote (17340)4/2/1999 12:08:00 AM
From: The Fix  Respond to of 26850
 
Teevee.... You hit the nail on the head! If a deadline is missed....The Company is Toast! Any judge in Canada will see that ABZ wanted to sit and see what the 6000 plus Bulk Brought up. It will come down to ABZ's word against WSP's word.....This will be a stale mate. The Breaker will be the Contract. No Payment was made...so nothing was conceived. I'm told that this ABZ lawyer is Vanc. Heavy. This guys style is to negotiated. Me thinks that it will not work in this case and this guys reputation will be tested.

fIXER......Happy with his WSP shares!