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

To: Gord Bolton who wrote (18703)	4/28/1999 10:29:00 PM
From: Paul Bilecki	Read Replies (1) \| Respond to of 26850

Winspear obviously believes it will be running into some serious cash soon from somewhere. Tyler and ITL/Riley commitments are adding up. I like this deal for the following reasons: 70% Interest excellent, and near MPV CJ claims where MPV believes there are excellent opportunities. Blosson thought so at one time, don't know what happened there. Dr. P. liked the properties in this area for there were some good cracks in the earth's mantle. $2 Million in expenditures, the property must have potential merit. No way this is a favour. However, the timing appears to be somewhat interesting. Let's go figure, WSP announces major discovery and ICL/Riley has deal with WSP on their property. This news may be a precursor for big things happening at SNAP lake, but more likely happening at Hilltop... Just a wild guess. Diamondex will only have $1 million, in the bank at the start, where are they going to get the $2 million to explore this property. Hopefully they can finance this exploration through a major discovery at Hilltop, if not, I hope we get a shot at a rights offering. Many posts ago, I figured that WSP would acquire further land for exploring. I figure this is good for ICL going to .20-.22 with no effect on WSP share price... If WSP comes up with big news, ICL could go to to .25-.35. If MPV hits on CJ claims, ICL is a fifty cent stock.... God, this is the best thing that has happened to ICL in a long time, especially after DEAD Lake (Red Lake). Stuck drill and all.... ICL apparently has $1,000,000 less drilling costs, what are they going to do with their cash..... Bye the way, I have shares in ICL, had them for a long time and will be selling a portion of my position some time soon as I need some cash to pay off my credit cards from drinking too much. So take what i say with a large grain of salt, and a lot of tequilla. Get a broker for real advice or join me for drinks. Drunk Again.. the infamous Bilecki...

To: Gord Bolton who wrote (18703)	4/29/1999 12:02:00 AM
From: .Trev	Respond to of 26850

Gord: When you're right you're spot on!! some more questions that never seem to get discussed... 1) How far is that 12 million supposed to take us? 2) I wonder if there will have to be a supplementary budget to cover what is obviously building up to be a busy summer?? 3) I wonder what Aber's reaction to a new budget and detai;ed proposal will be at any time soon? 4) Any bets on whether it will be 40--32--16--gone?? 5) obviously we need a significant run to reel in the outstanding warrant money. When's that going to start?? 6) The re were rumors about a small plant a few weeks ago. What happened to that story? Don't want you guys to get bored just sitting around with nothing to do except watch the ice melt. Cheers