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

To: james flannigan who wrote (18875)	5/1/1999 3:24:00 PM
From: Andrew	Respond to of 26850

James, if we don't get good grades and values it would not matter if there was a feeder. a Billion tons wouldn't be economic if we don't have grade and value. Also the $301 per carat and thusly $350 US per ton has not been factored in by the market at this point. If it were WSP would be a $20 or $30 stock right now. This is the final chapter of our speculation here. The whole reason why WSP is a good speculation is that 10, 8 and 6 carat stones don't come out of 200 ton samples with regularity. I believe we will be pleasantly surprised with some rather large stones in June when comparing to the smaller stones which are produced at Ekati. How many tones had to be processed there before they found that 47 carat stone they reported. What will the price of WSP stock be if a stone of say even half that size is found in the 6000 ton sample. I believe there will be some stones of that size (20 carat range) and the market will get very excited because we know that this is were the money is. Andy