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


To: james flannigan who wrote (18868)5/1/1999 9:54:00 AM
From: teevee  Read Replies (2) | Respond to of 26850
 
james,
You have your reasons for selling and I have my reasons for adding to my position late yesterday:
1. The tonnage on a block by block basis,for the 15 contiguous blocks with the greatest average thickness, totals about 17.64 million tonnes....
2. At a minimum average thickness, of 2.5 meters, assuming valuations stand up, the two drills that will continue to drill on the north shore on 400 meter centres will be adding at least a million tonnes per drill hole or about a half a billion dollars of kimberlite resource per drill hole.....I don't see anywhere else in the market where I can get a better bang for my buck that that....
regards,
teevee