Brazil Diamond Play PVF PXM EM Message Board

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Gold/Mining/Energy : Brazil Diamond Play PVF PXM EM

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To: 1st.mate who wrote (53)	12/8/1999 9:59:00 PM
From: Mr. Oil	of 64

Matey this is very GOOD! Diamonds are colored red and blue and sizes of up to 3.2 carats!!! The average size is .5 carats per cubic meter and is valued at an average of $150 per carat. Colored stones could well be worth as much as $2000 per carat! If they produce 100 cubic meters a day that would be 50 carats a day at $150 or $7,500 per day of production. These are conservative numbers as it is not useful to exaggerate the possible results. Even at these numbers PVF will have 40% of the production, PXM will have 40% after the $250,000 payment to PVF over 12 months. And PVF owns 55% of PXM so really that too should significantly benefit PVF anyway. In the mean time the value accrues totally to PVF for 80% of the 10,000 hectare block until the money is paid to them for the 40%. And we know they have been in there digging for several months now so they probably have, lets assume 1000 carats per month for 5 months, again being conservative. It may well be double that. 5000 carats at $150 per carat works out to $750,000 in the bag NOW! Do we have a money maker here? You are darn right we do! BIG time!!! Ray

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