Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: maintenance who wrote (19114)	5/6/1999 12:07:00 PM
From: teevee	Respond to of 26850

Author: teevee -- Date:1999-05-06 08:22:08 Subject: A second (optimistic) opinion (by the numbers) Hello Will, As best as I can tell, the kimberlite at Snap Lake is essentially composed of non serpentinized forsteritic (Mg rich) olivine. The density is therefore at least 3.....My tonnage calculation, on a block by block basis for the 15 contiguous squares with an average thickness greater than 2 meters, is 21.17 million tonnes.....Assuming that kimberlite is intersected on 10 more squares on the north shore with an average thickness of 3 meters, another 14.4 million tonnes will be moved into the "drill indicated" category. My estimate for tonnage after this round of drilling is completed on the north shore is now about 36 million tonnes........if you want to include the other eight squares with average thicknesses less than 2 meters, add another 4.4 million tonnes which brings the estimated in situ drill indicated resource to about 40 million tonnes...... regards, teevee PS: assuming valuations stand up, on a comparative basis, Snap Lake will have a greater value than Ekati and Diavik combined....

To: maintenance who wrote (19114)	5/6/1999 5:59:00 PM
From: Lorne	Respond to of 26850

maintenance - I have no problems with any of your posting. I too agree with most of what teevee says. Our (teevee and I) problems basically stem from the fact that I don't think anybody should be calling any play a guaranteed monster at this stage of development. I agree completely on the legal issue. If WSP scores the disputed 16% won't make anyone who now owns WSP a loser. Now a question for you. If it was as much of a sure thing as some would have you believe wouldn't it have been moved on already by the usual suspects? I mean the greatest diamond discovery of all time trading at these figures.