That was quite a post Vaughn, in specific reference to your comments concerning Rex Diamond
If I may, I would suggest that RXD's blue sky is in Mauratania rather than Sierra Leone, the former country having demonstrated a long history of peace, pro-investment policies, safety of tenure and rule of law, the latter, quite the opposite. In addition, the President of RXD has been buying up company shares to support the price and a DiaMet/Ashton joint venture leant credibility to the play, by their announcement to pursue exploration last month.
I have a few comments to add:
Rex Diamond has something which no current NWT diamond company can offer, that is vertical integration, which can add substantially to the margins of any production decision. Diamet ventures into Mauritania was predicated on Rexs discovery of commercial sized diamonds, I might add that only after that discovery did Diamet take notice. BTW Dr. Rombouts work in worldwide diamond evaluation and exploration does not need a boost by NWT diamond explorers stamp of approval, after all Dr. Rombouts has probably evaluated more deposits in the last ten years, than any single diamond evaluator worldwide.
An important fact to remember with REX Diamond is no JV entanglements, guess the Aber Winspear fiasco sort of magnifies that point, eh.
Regards
George |
