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Gold/Mining/Energy : ABER RESOURCES -- Ignore unavailable to you. Want to Upgrade?

To: WillP who wrote (1267)	4/9/1999 8:49:00 PM
From: teevee	Read Replies (1) \| Respond to of 2006

Willp, Allow me to put GT's comments into the proper context...I heard that GT and just about every other news letter writer in North America was all pumped up on the sidelines, waiting to get shill paper to "help" with the Aberex issue that is now in doubt...Winspear didn't provide GT with a piece of the private placement, and ever since his WSP comments have been somewhat critical and sharp edged.... regards, teevee

To: WillP who wrote (1267)	4/10/1999 8:20:00 AM
From: George J. Tromp	Read Replies (3) \| Respond to of 2006

Let me put a few details in persective, the 1994 Annual report which I have sitting before me states the following: Diavik: In addition to the A-154 N, A-154S and A-21 kimberlite pipes, seven other kimberlite pipes were discovered in 1994. Six additional kimberlite pipes including the A-418 have been drill tested to date in 1995. The total number of kimberlite pipes discovered to date total on the Diavik property is 41. The A-21 pipe which was discovered in the spring of 1994, had 5 delineation holes and on vertical hole, two visibible diamonds were observed in the core. Additional delineation drilling and large diameter drilling is scheduled for early 1996 to better define the size and geometry and to obtain a prelininary estimate of grade. A-418 Pipe: The Discovery of of the A-418 pipe in May of this year. A 3mm clear colourless diamond was identified in a visual examinination of the core from the first hole drilled in A418-1. THE ENTIRE CORE from the 108 meters of kimberlite recovered was shipped to Lakefield Research for caustic fusion analysis those results were pending. The second hole drilled (A418-2), intersected 229.9 meters of kimberlite. A total of 707 Kg of kimberlite yielded a total carat wt of 2.56. The sample extrapolated to 3.6 carats per ton. The largest diamond during that time was .41 carats. Both holes bottomed in kimberlite. In addition to the 154N, 154S and the A-21 kimberlite pipes, seven other kimberlite pipes were discovered in 1994. Of the seven new kimberlite pipes discovered in 1994, 3 were diamond bearing. The additional discoveries entailed A-5, C-42, & A-11. Addional drilling had ben carried out on the A-11, and C-42 in 1995 with results pending. 1994 drilling on the C-13 pipe intersected additional kimberlite. Discoveries 1992: 7 pipes (3 diamond bearing) (T-7W, T-16, T-21) 1993 18 pipes (3 Diamond bearing (A-4, C-13, T-43) 1994 10 pipes (6 diamond bearing (a-5, A-21, A-154N) 1995 to June 6 pipes(1 Diamond bearing 418) fusion results pending for 5 holes.) Total: 41 13 Diamond bearing The above was extracted in its entirety from it annual report. Purusant to the Sept 15, 1994 quarterly report, which as well is in front of me, the following information was available Aber discovered the two most significant pipes on its Diavik land by drilling from the ice in May of 1994. At the time of publishing this years annual report, the A-21 results had just become available, and they were considered extremely encouraging. The results from A-154 proved specatacular as two diamonds of .26 carats and 1.75 carats were observed in the core. This is extremely unusual in diamond exploration and as expected A-154-2 proved to be very diamondiferous. This pipe is undergoing exploration drilling using a barge mounted drill rig. HERE is the tally of the holes published on Sep 15, 1994, A154-2 750Kg A21-1 156Kg C13-7 61.9Kg C13-8 91.9kg A11-1 64Kg A-11-2 95Kg. * Hole 154-2. of the 402 macrodiamonds recovered 112 were greater than 1mm in at least one dimension and seven of the stones had a carat wt of .20 carats. The largest diamond has an estimated wt. of 1.75 carats. If you will note this is prior to mini-bulk or large diameter core drilling into the pipes. You will also note that the full drill core was shipped to lakefield research lab. So your premise is already full of holes. The prospectivity of further results were enforced with LCD drilling, and eventually underground bulk sampling. Now you want to promote this stock based on the either or scenario of 301US per carat or 95US per carat. The worse side scenario is this is a highly touted high price speculation, the best case scenario is Winspear will deliver. If they deliver based on 3.5 million tons, at 301US per carat , 350 US per ton , they have a 1.2 bill dollar deposit, if they deliver 3.5mill tons at 95US per carat they have a 332 million dollar deposit. Where is the reward at current prices.? If you want to count total tonnage Aber has well over 74Mil inplied and 37Mil drill proven at 240US per ton fully proved fully delineated and shortly the feasibility study will confirm its prospectivity. Sure they may be able to mine 750,000 tons of ore land based, but what happens to shareholders in the meantime, dilution, financing, is Diavik any less appealing given the fact that it has economies of scale, I think not nor does Franco Nevada. Have a nice day.