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Gold/Mining/Energy : Kensington Resources Ltd. (V.KRT) * Diamond in the rough!
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To: Zeev Hed who wrote (697)11/15/1997 8:19:00 PM
From: Miles  Read Replies (1) of 5206
 
Well, we all know that are shares are not worth that much right now. The impression I got from D.Stone was that this would help in present and future financing. I found it curious why he would be worrying about future costs on FALC. I guess he feels there is something there to warrant looking ahead. He has said that whoever he is talking to, they are extremely interested and for one major reason, Debeers is involved. I guess that is what peeked their attention. I think he is safeguarding future financing to ensure there is not a problem of cash. Who knows what will come of this if anything. What I can't figure out is why most on this thread are neagtive with regards to the potential of FALC. To me, the past results have been encouraging to the point where the partners have dished out over 20 mill. I look at other mining companies like Ashton, who use the .5mm standard and wonder what the difference would be if we used that as well. Don't get me wrong you guys, In no way am I saying I expect to be a millionaire of this play but when some people post that FALC has never proven any good results, I have to scatch my head. Either you are right and the JV partners have been burning money on dirt for the past few years or they have the knowlegde and experience to warrant future expenditure. The next set of results will tell a lot but I believe if there was nothing there but dirt, they would have abandonded it a while ago and management would not be getting set to implement a promotional campaign for dirt.
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