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

To: Rocket Red who wrote (18932)	5/2/1999 6:35:00 PM
From: Dave M	Respond to of 26850

Rocket Man Red, WSP is a great stock to day trade if you can time it right and play with enough shares to make the commissions insignificant. Good luck. My U.S. broker charges too much for the small number of shares I trade, so I haven't day traded. Anyone have a good discount broker in the U.S. that trades Canadian stocks and what is a reasonable fee? My last trade was for 1600 shares (divisable by 8) at $2.14 U.S., $3424 cost plus commission of $133.4 at Fidelity. If the price goes to $20 per share, the commission will be real high but gladly I will pay it. Dave M

To: Rocket Red who wrote (18932)	5/2/1999 6:39:00 PM
From: wayne cath	Read Replies (2) \| Respond to of 26850

If you really believe the larger drill is used in hopes of pulling larger stones......then I know more about mining than you do....... The way you have changed your tune since selling is very familiar........I think you refer to him as 'packrat'....... wayne

To: Rocket Red who wrote (18932)	5/3/1999 12:53:00 AM
From: Andrew	Respond to of 26850

Yes when they are drilling 200 -300m of Kimberlite. We don't have that luxury.

To: Rocket Red who wrote (18932)	5/3/1999 2:43:00 AM
From: .Trev	Respond to of 26850

Red:- As far as I know nothing about exploring for diamonds is plain and simple.Large diameter cores are obviously more expensive than small cores , roughly in proportion to the diameter. By the same token the amount of material obtained is greater but this time in proportion to the square of the diameter, so quite often it's a good deal. When WSP was dilling the NW peninsula to find out if the dike even existed there they used NX core which is the smaller size, but as soon as they switched to evaluation drilling they upped the size to HX which is the 3.5 inch so as to get from each location an increased amount of material. Because the amount of Kimberlite is so much greater it also has an increased chance of containing diamonds in a variety of sizes. Wsp has spent lots of time and cash getting CF done on all this large core and also on that 500 kilograms from pits 1 & 2 so that they have a wide spread picture growing all the time of what the size distribution of diamonds is. When you have so many separate curves plotted for the distribution in all those different locations it gets easier and easier to recognize and compare the curves, and for that reason it is much more reliable to fill in any missing bits of the curve and to analyze the ore body for consistency. That's what I mean by MORE INFORMATION. I wish you could have heard the MRDI guy explain all that, cos he's the expert and a whole lot better than I am at explaining it.