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

To: ddl who wrote (19037)	5/4/1999 12:48:00 PM
From: teevee	Respond to of 26850

Denis, <<<Now I know it was said on the Ashton thread many times that values get better as bulk sample increases......BUT, with this Type II kimberlite material, wouldn't that rule of thumb apply?>>>>>> IF by "values" you meant grade, in terms of carats per tonne, grade often improves with a larger sample, yes....that has been born out many times, and at Snap Lake, this is also likely to occur, given the dilution of the min-bulk and the implied grade from the CF data.....IF by "values" you meant "average value per carat", often that increases as well, because with a larger sample, more larger stones are recovered.....the naysayers suggest that what happened at Snap Lake is that Winspear got lucky on the mini-bulk, and got more large gem diamonds than they should have(what if Winspear was un lucky? which is much more probable), given the size of the sample....IMO, what they got on the mini-bulk is representative, and I have "loaded up" on Winspear accordingly, however, the market appears to be from "Missouri" until the grade and valuations from the 6000 tonne bulk are known..... regards, teevee