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

To: Confluence who wrote (18265)	4/14/1999 9:11:00 PM
From: teevee	Read Replies (1) \| Respond to of 26850

Confluence, thankfully, there is ample liquidity for nervous shareholders to move on.....should you sell, maybe we will see you elsewhere on the threads, and good luck in the market.... regards, teevee

To: Confluence who wrote (18265)	4/15/1999 12:02:00 AM
From: russet	Respond to of 26850

Confluence, you are missing nothing, I think you are playing with us, my friend. While this may prove to be very lucrative, no news would be forthcoming, short of the bulk sample results, for the next couple months. The only other news would relate to the law suit and possibly some CF numbers, if they were positive and material. Or am I missing something? CF results and kimberlite intersections over Snap Lake will be forthcoming in dribs and drabs over the next few months. The CF results will confirm the constant grade over the dyke(s) as has been proven over a wide area already,...and the intersections will extend the tonnage to over 10,000 +tonnes, with the resource still open in the North, South, East and at depth as there is likely more than one dyke in this heavily faulted Archaean granite host rock. This is more than enough to start mining, if the bulk valuation holds. Is the hope of a pipe gone? What are the expectations from the cores presently at Lakefield? I hate to say it, but, man, these guys who've been hoping for big stuff, what are they gonna think? The preliminary grade and valuation and tonnage are enough for a mine worth several billion dollars, which can support the present stock price without a pipe. Take a look at the Winspear website, and look at the big bullseye picture of Snap and think what tonnage may come from a dyke(s) that exists under the lake, North shore, NW peninsula and is still open to the east, and may have more than one layer, and is an average of 2.5 meters thick over an area 2.5 +km by 2.5+km. Why was WSP up today? Oversold, just like SUF. Canacrap plays this stock like a Stradivarius violin. We have a range of $2.50 to $4.50 with lots of volatility. Do you remember Tli Kwi Cho? Great initial results, then, boom. Six different companies were involved, I talked to each one right up to the announcement. All were so consistent and sure of great results because Kennecott had promised that any bad news would be disseminated right away .... The differences are numerous. Indicator mineral chemistry at Snap blows the rest of the NWT away,..and most of the world. As well drill holes on the North Shore, NW peninsula, South shore and East shore give strikingly similar caustic fusion diamond grade results. This is like sampling a pipe at many different levels, and around its complete perimeter. Something not done at Tli Kwi Cho. I think that WSP has the potential to be a mine. But it is probability theory at this time to point to both grade and valuation. Obviously, the market feels very strongly that WSP will be a mine. The odds would seem to be wholly behind WSP. But sentiment has little effect on ore. What if the previous sample was just a fortunate occurrence? Most dykes (I generalize here) show better results as you get closer to the feeder pipe or source. These mini bulks were taken from a point several kilometers from where the feeder is thought to be. The grade and valuation should get better as we get closer to the feeder and preliminary results seem to bear this out. I must not understand, but is this not the work of a company proving reserves only, with the thoughts of new discoveries/upside tonnage secondary? Absolutely. This company wants to start mining, just like SUF. The profits from the mine will drive future exploration at Snap Lake. I hope that WSP can come in with a grade similar to initial results and a valuation around half that of initial, small sample. Remember, no diamonds recovered from kimberlite anywhere in the world have valuations near $300/carat. Some high valuations occur, but they are in lower grade, money losing operations. The multi-billion dollar question. Remember they sampled the extreme edge of the dyke. It was unreworked kimberlite as well. Diamond grades from sampled areas over 3 kilometers apart have shown similar diamond grades. If you got money in SUF, you should have some money here too. It would be folly to think that WSP has the richest kimberlite in the world. Might be folly to your pocketbook to think otherwise. russett, the burnt potato, or maybe the great hype machine