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Gold/Mining/Energy : Kensington Resources Ltd. (V.KRT) * Diamond in the rough!

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To: average joe who wrote (1820)5/16/1998 6:55:00 PM
From: Mike Smillie   of 5206
 
Well, AJ, I did check out the Mink site and frankly I wasn't very impressed. Yup, 30 pipes all right, but 24 were known before Mink was involved. Yup, some big diamonds too, but only from alluvial sources so they have no idea where they are coming from. Not a mention of even even a micro diamond from any of the current drilling. While the management of Kensington has certainly made mistakes they still have over 70 pipes and have recovered macros from over 60 of those. Several pipes appear to be close to being economic. No trouble with Mink particularly - could be a good speculation - but if I were betting on the properties I would go with FALC at this point.

Good luck,

Mike
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