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Gold/Mining/Energy : Trump's 12 Diamond Picks, Discussions Limited
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To: virginijus poshkus who wrote (32)12/29/1997 9:43:00 AM
From: George J. Tromp   of 2251
 
None that I am aware of Vargus. Wherever one looks., even on a
global basis., most of these issues have been hammered. The trick is
to pick the best going forward. As said before the overal market has
grouped diamonds in with the Golds. Most fund managers probably
dont differniate much between the asset values. The biggest distinction is the margins. Diamond Mining in most cases has the best
margins of any mining issues. Most costs run 25.00 to 50.00 US worldwide. The larger the deposit such as Aber., MPV., the better
the economies of scale. Rex has done everything right in upgrading
their mines and should benefit down the road considering that the economics are simple. Increase production you increase net profit.
The big plus here is profits. I suspect this last quarter due to the holidays may dampen current increases in production., so I see a steady strenghtening in share price going forward. The recent rationalization of existing mines should open up some other projects
as well in S. Africa and JV. Fissure mining is best left to the experts.,
as Redarium is finding out. If their plan evolves in Sierra Leone., as
projects proceed in W. Africa. I think one is buying the shares at a
discount. Time will tell.. The downside is small compared to the upside. This issue is tightly held by insiders., little promotion., but nonetheless should do well.
George
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