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Gold/Mining/Energy : Diamond Fields International Ltd. (DFI.T)
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To: John Thomas who wrote (38)6/8/1999 2:27:00 PM
From: russet  Read Replies (1) of 141
 
Canacrap says every stock is going to be a 4 bagger (or more). Then they sell into the rally. I'm not a big fan of them, but they are worth watching. They have been the biggest net buyer over the last month.

I prefer to listen to what management says at this point. They expect to duplicate the grades and values their neighbors have. Their property rights are large, and continuous with their neighbors high grade areas. They have not mined these areas before, and it is reasonable to assume the ancient ocean and river currents spread those diamonds just as liberally in DFI holdings as in the areas mined by the neighbors.

The main question I have is who will do the eventual mining and how much will we be diluted? I don't think DFI is planning to do the mining themselves.

russett
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