At the moment, we only know what management wants us to know about the geology. Diamonds are there, no doubt about it, but the best sample is the last one and it says $98US per carat and 1.845 carats per tonne (but don't forget that .6 carats per tonne is probably valueless - Indian goods as teevee would say). It only showed up because the processing was better, so says RT. That leaves $98US times 1.245 = $US122/tonne. Anything more is fantasy, Alice in Wonderland.
All the so-called experts on this thread, before the results were published, said that the dyke/sheet was homogeneous,...now it's not. Now the dyke is richer in the middle than at the extremes,..and now it's richer at depth than at the edges. Chit, chit, chit. If you believe this I want to sell you my car, it really has only 5,000 km on it, 4 times around, must be worth $10,000, eh?
The geology we want to know is the chemical and physical composition of the material surrounding the diamonds in all the holes and bulks. This is strangely absent, it could tell us a lot about the consistency of the dyke...but few companies share this information,...but until they do, you should always expect Bre-X, just my dumb stupid opinion,...but few have suckered russett,...lately.
Also, I don't know about the rest of you but I like the hole by hole results presented, not this average of 30 hole crap. Anyone else notice that many of the squares with wide intersections have few holes drilled in them. So far as I can tell this dyke pinches and swells all over the place. Wonder what the strip ratios will be?
While we are buying, the folks in the know (the so-called insiders) are selling. Of course that only makes sense. Nothing is 100% so make money while you can. Don't forget, they have options to purchase stock at prices like $1.50, 1.80, 2.40 etc., when they find out what the next bulks give,...or what the pre-feasibility study gives in 3 or 4 months they can buy real cheap, while we get diluted. Yes, it will take that long to analyse and crunch the numbers to present the pre-feasibility study which the banks and mutual funds and brokers will use to decide whether to commit dollars to this project. In the meantime we will be left to float on our own devices. .Trev is right,...either you believe or not,...but take a chance, chit your pants, you got a long wait for Santa Claus.
Now what about JK, Herr Kaiser. Was he right??? Did WSP get lucky with the mini-bulks? Guess bulk #4 will decide this, but my guess is it will confirm bulk #3 numbers. So I say we got US$120 per tonne, which is what Jwaneng has in Botswana, not what Aber has at Diavik (US$210/tonne),... except we have about 68% of the action (maybe more) instead of 40%, but we have a sheet over a large area, instead of pipes over a concentrated area. What do you think our costs will be versus Diavik costs? Double maybe?
But on the other hand we have control. Think we can sample 40 million tonnes without getting the mining permit and satisfying the environmental B.S. and the political hacks that want a bribe? Maybe. After all,... all we will do is take the rock out, remove the diamonds and stick the rock back with some cement. But the interest groups will bitch about that because they will not have anything to bitch about, or get bribes from (or at least free coffee and donuts,..eh???). I bet they find some worm, only found under Snap Lake that will be destroyed by mining. What do you do then?
Should be a PP pretty soon, don't you think? After all we need some more money to drill more holes, prove up more resource and bulk sample a few feet from the present bulk samples,...no? After all, where else can a bulk be taken from. The dyke is too deep, or too thin anywhere else,...isn't it?
russett is still a shareholder, but the shares are freebies. He is merely filling the request of several posters that feel all the bears have left the thread, and there is no one left to play devils advocate. I must admit I have been poisoned by the treacle on this thread in the last few weeks,...and blame all of you for this outburst.
russett, the squished hamster. Turn up the volume!!
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