SOUTHERNERA (t.SUF) Message Board

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Gold/Mining/Energy : SOUTHERNERA (t.SUF)

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To: VAUGHN who wrote (3795)	6/25/1999 10:29:00 PM
From: Diamond Daze	Read Replies (1) of 7235

Hi Vaughn, I will be getting my facts together early next week. Brazil is one of the top diamond producers in the world. I know of one German outfit working within 100 kilometers of CNB producing alluvial diamonds. I also have some papers at work published by Gurney that goes into Brazilian production a bit... <<the market is also well aware that to date, it has simply proven uneconomic for any company to mine diamonds in Brazil. No alluvial or hard rock diamond mining operation to the best of my knowledge has ever proved profitable. I am not saying that one won't be, but the market will not get excited by our Brazilian assets until these issues can be put to rest, and that will take years.>> This statement is simply incorrect. I will get the information and be posting it here next week.....DD

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