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

To: E. Charters who wrote (17794)	4/7/1999 7:49:00 AM
From: Gord Bolton	Read Replies (2) \| Respond to of 26850

Eric are you calling yourself a journalist now. Would that mean that you would have professional ethics and liabilities. I think you are better off when you simply claim to be a low life slimer and bush hack. I heard that you used to pack stuff through the bush for DEBEERS. Is that the extent of your contacts and experience in the diamond mining business? Or do you have a long list of important economic discoveries to your credit that are being unfairly suppressed by the establishment.

To: E. Charters who wrote (17794)	4/7/1999 11:23:00 AM
From: Walt	Read Replies (1) \| Respond to of 26850

Its funny how after the fact with hindsight exploration becomes such a simple thing. Your post would lead people to believe that you could have done everything WSP has done to date for a mere 2.5 million. Heck if I had to do Hemlo my first hole would hit the ore body and I would have saved millions of dolloars, two to three years of exploration and 60-70 drill holes. We all know it doesn't work that way. You have a property you do the mapping, the till sampling and then you start drilling so often 2.5 million gets spent befor the first hole gets drilled. You are exploring a big property with more then one indicator train and dozens of targets and LIKE EVERYONE ELSE IN THE NWT you are looking for a dyke. They found a couple of pipes that weren't rich enough, they drilled alot of targets and got nothing, they hit a number of small dykes and the imfamous main dyke. All this took mtwo or three years of work which you have nicely left out of your budget. So then one begins to zero in on the dyke and drill of a section, take a sample. You would run the sample on site looking only for big diamonds. Can you imagine the reaction when as a publicly traded company you announced your results assuming they were the same as WSPs. You like to say the Kennecot plant is suspect because it is new well what would you say about a company that ran its own sample with its own plant on property. Can you imagine what the security commision would say. So you do your 30-40 holes run your sample then what. You take a bigger bulk sample to confirm your initial one , you drill off the dyke to see its real size and you hire a company to do the scopping study which through work you try to upgrade to a feasabilty study, Just as WSP is doing. In a number of posts you write off the dyke, its too small, its at the wrong angle its this or that and then you say that you would, put in 30-40 holes and do a mini bulk. So you are critising WSP for doing what you would do have done. This year they are spending 12 million on the next phase. would you have gone to it or would you have walked because your initial bulk came back with results to good to be believed. Would you have reported your results or kept them confoidential because they were so good. Would you have taken the diamonds to three groups to get evaluated. Would you have hired an independent company to do a scoping study and work towards a feasability study or would you just do your own. WSP is a public company, they are busy exploring Snap Lake and other properties, it takes time and money. We can all use hindsight and AH YES I COULD HAVE DONE IT BETTER, CHEAPER but thats hindsight. Maybe Snap will become a mine, maybe not but WSP is taking the time and spending the money to find out which it is. Will the original bulk sample be dublicated by this one. Who knows it could come back better, the same or less but if it indicates values which are minable (and these could be a fraction of the first sample) then I expect the next phase so serious mining. In the end we wont know the true grade of this untill after it is mined but as you yourself have said some awfully rich mines don't show up that way with conventional exploration but you have to do it one step at a time. regards Walt