Shares Outstanding: 35,000,000
Price: $2.80 Cdn
Fiscal Year End: March 31
1996 Revenues: US$12.2 mill, EPS $0.076, Cash Flow $0.166
Rex has 3 producing diamond mines in South Africa. The past 6 months
has seen $Cdn 17 million spent underground expanding current production.
Rex produces diamonds that averages US$240/carat vs. world avg. of $57.
Company markets production through wholly-owned Rex NV, Antwerp,
Belgium, outside of CSO. Recently began evaluating extensive land
holdings in Sierra Leone. Rex owns extensive pipes, fissures and
alluvials, of which development has begun at Tongo Fields alluvial
operation. Rex recently sold 20.2 carat cut stone for US$600,000 and
uncut 60 carat stone for US$528,000. Repadre (TSE:RPD)holds royalty on
South Africa production.
For more information call: Ross Orr/Chris Cory 416-955-9033/
Fx 777-1254 |
