MPVIF Mountain Province Mining Message Board

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Gold/Mining/Energy : MPVIF Mountain Province Mining

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To: David R Girotto who wrote (1896)	7/5/1999 2:06:00 PM
From: John Soileau	Read Replies (2) of 2577

Smaller diamonds are in abundant supply. The control exercised by the Central Selling Organization limits the flow of diamonds to the market, and provides stability and support for price. If the Canadian diamond deposits were allowed to flow quickly and freely into the market, diamonds would surely be "cheap" in comparison to current prices. If DeBeers wants to prevent this, controlling the deposits is an obvious strategy, and for them to then veeeeeeery sloooooowly mine them is imo conceivable. I think that's why the DeBeers connection is not universally seen as a "plus". My bet is that DeBeers will be very good for MPV shareholders in the long run, but that doesnt help the guys who have already been here for a long run. Also this keeps the short-term players on the sidelines, so don't expect a big fat runup when the results are out. Just my view. John

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