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

To: Gord Bolton who wrote (18544)	4/24/1999 2:01:00 AM
From: brian krause	Read Replies (1) \| Respond to of 26850

Wow!! Not sure if I believe in the global conspiracy but I would agree it is not a fight between Africa and Canada. This is simply a question of who has the diamonds and controls the trade. Remember it is a international marketplace. Why is RXD doing so well?

To: Gord Bolton who wrote (18544)	4/24/1999 2:06:00 AM
From: Paul Bilecki	Respond to of 26850

Excellent Post Gord: That is what I am saying, the Canadian Diamond Industry is being swiped at an unreasonable price. Canadian Mutual Funds and Brokers should be stepping up to the plate. This is a national disgrace. BREX is over, get over it. BHP spent $1 billion. Debeers is swiping it. Winspear and Southernera are the only two left which are somewhat independent. Do not sell your sells cheaply. Must buys: AOT, Gerle, Winspear, Suf, Island Arc, Major General, and the Yamba partners with Suf.

To: Gord Bolton who wrote (18544)	4/24/1999 2:21:00 AM
From: teevee	Read Replies (1) \| Respond to of 26850

Gord, That was a very interesting and sobering post.... <<<Louis was wrong. He got law mixed up with power.>>>>> A recent example in Western Canada may be the Cheviot mine decision and Luscar coal.....Luscar management was perhaps naive enough to think that if they jumped through all the legal permitting "hoops" to the letter and in the spirit of the law, due process would provide them with a permit.....Unfortunately, the enviromentalist's laywer is a former Liberal prime minister by the name of John Turner, and Luscar's consultants were based in the west....hmmmm...what do you think the message is? if you want permit approvals, first you use a Liberal law firm based in Ottawa, and second, you use a Liberal consulting firm like SNC Lavelin, or permits could take longer and cost more than anticipated? Did Luscar get law mixed up with power? By the way, I doubt DeBeers will rush to buy WSP if the bulk results are as good as we expect, unless they are forced too because another large party like RTP has taken interest.....yes....I am as jaded as you are... <<<There is one heck of a battle going on over control of Canadian Diamond miners.>>>> What battle? DeBeers(Monopros) is now the largest diamond claim holder in the territories....what they don't own themselves, they have deals with juniors.....SUF and WSP are the only two left that are not in their clutches(I don't own shares in any junior who has done a deal with DeBeers)....if you are right, it sounds like SUF will soon be grist for the DeBeers mill..... regards, teevee PS: Monopros has had it's offices based in Ottawa for years...I suppose they like to be close the the seat of power eh?

To: Gord Bolton who wrote (18544)	4/24/1999 8:47:00 AM
From: Andrew	Read Replies (2) \| Respond to of 26850

OFF TOPIC SUF I spoke with SUF IR and another source yesterday. Apparently Chris Jennings has told everyone at SUF that there is to be an info blackout coming out of SUF people regarding Munn Lake. You Don't believe it call their Munn Lake partners. This is what I got from a source other than the company so take it as rumor. They have been drilling what appears a pipe since they put out the release Apr 1 that they had hit Kimberlite in two separate targets 100m apart in Sonic drill holes. Exert from release below. All I could get was that they have stopped updating their JV partners and that they were still drilling and that there would be no news till the drilling was over. Approx 3 more weeks of drilling. Apparently they are on about their 9th hole and they were able to find a shallower part of the Lake where they were able to drill an angle hole. I was told that they are using the largest diameter core that drill can handle, about 2.5 -2.75? This has slowed the rate of drilling a bit. The reason for this larger dia is obvious to most of us here. Sounds fairly significant to me that CJ would order an info ban. Thought I'd mention that my source also told me that certain SUF management is rather pissed off at a certain SI poster, I won't mention any names but apparently the guy has gone as far as to wait around where SUF geologist Howard Bird, was staying to get a chance to pry some info. This is also rumor not from SUF but I kinda believe it as the source is good Andy From the Apr 1 SUF release Munn Lake Kimberlite Target Area The results of the recently completed sonic drilling program suggest that the kimberlite boulders found on the shoreline of Munn Lake are derived from an inferred north to south trending, steeply dipping, kimberlite body. This appears to be at least 105 metres in strike length. Two of the vertical sonic drill holes intersected kimberlite bedrock up to 1.4 metres in thickness. Both sonic holes bottomed in kimberlite after reaching their limit of bedrock penetration and hence the true thickness is unknown. The kimberlite boulders on the shore are up to 25 metres in diameter. The presence of pyrope and other indicator minerals, plus a visual study of the kimberlite material, suggest the two kimberlite intersections are similar to the kimberlite boulders found on shore. The chemistry analyses, to confirm this conclusion, are pending. The inferred kimberlite body lies within a north-northwest trending lake bottom depression and the southernmost sonic drill hole No. SDH 186, which intersected kimberlite, lies within 100 metres of shore and in 20 metres of water.