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

To: Rocket Red who wrote (18910)	5/2/1999 1:06:00 PM
From: Andrew	Read Replies (1) \| Respond to of 26850

Now now Red. You know as well as I do that this 6000 ton sample will tell all. 3.5 inch cores mean diddly if bulk is no good anyway. We get the same type of large stones and anywhere from 1.1 to 1.? carats a ton and this stock will go bonkers. That link reffered to Debeers first 2 sights of the year and not Diamet. There has been upward pressure on rough prices for about 3-4 months now and the way I see it if the valuations come back around $200 a carat relative to last years 226 carat sample that would be 200 x 1.32 = $264/carat which gives us a nice cushion for slightly lower value compared to last years $301 per carat. Now should this years sample work out to the same type of value as last years $301 x 1.32 = $397 per carat. Probably somewhere in between is what I think we will get. Some day sooner I think then later the big money will get out of the internut crap and will look elsewhere for opportunities. Andy

To: Rocket Red who wrote (18910)	5/2/1999 1:43:00 PM
From: teevee	Read Replies (2) \| Respond to of 26850

Rocket Red, <<<<Winspears Bulk sample will most likely contain larger stones on the NW Pennisula and the next hurdle the market will want proof that the Dykes though out Snap Lake carry the same Large Stones as this Sample is only from the NW Pennisula. Winspear needs to find Some bigger Stones in the 3.5 inch Drill Core coming from the Drilling on the Lake if Winspear does not find any bigger stones from Drilling on the Lake they will have a hard time convincing the market that the Dykes carry though out Snap Lake.>>>>>> A banker may very well say, "that's all fine and well that the 6000 tonne bulk sample results are what they are, and that CF results indicate the implied value per tonne carries throughout the Snap Lake dyke......NOW PROVE IT by driving a decline and test mining a couple of panels under the north shore"...... Maybe that is one reason why Winspear has bought and paid for a portable plant (I'm not sure of the capacity-does anyone know if it is 100 or 200 tonnes per day?).....they could drive a decline down the kimberlite dyke itself, develope a panel or two, and put it all through the plant.......if they don't get bought out by a major first....the rumor about the plant has been around for six months now.....also, if you recall, Winspear made an attempt to get a third of their bulk form the north shore, IF THEY COULD LOCATE QUICKLY, A SUITABLE SITE...........I believe it is reasonable to think that Winspear has been thinking along the very lines of your question for over six months now......If the market's perception is lagging the company by six months, is the stock price lagging too? I think so.....actually Red, you are starting to sound a little nervous about selling your position......especially seeing how so many other posters sold too.....if you think even for a second that I might sell some of my position so you can buy your's back, especially at lower prices, your dreaming.....perhaps us that held and bought more late friday are contrarian's?..... regards, teevee regards, teevee