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Gold/Mining/Energy : Paramount Ventures & Finance

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To: 1st.mate who wrote (3533)	12/9/1999 1:37:00 AM
From: Yorikke	Read Replies (1) of 4884

...50 carets per cu/meter. .50 carets / cu metr average of $140 per carat per .5 to 1.0 carat stones no information on average carats per stone ??<.5 ??>1.0 it would not be unlike a newrelease to include <.50 carats. Though the >1.00 I have a hard time see that they would exclude. But this is the 'black is white' gang...no telling what they are thinking. I agree with DD. this is small potatoes... but nice potatoes must assume that the average falls well within the .5-1.00 this range. I discount colors as they are not mentioned in any specifics. 100 cu/mtrs per day X .50 carats per metr == 50 carats per day 50 carats per day X $140 per carat == $7,000 per day revenue $10 per cu/mtr cost X 100 cu mtrs per day ==== 1,000 per day (????) no way!! How much must you pay expatriot workers to spend weeks in the jungle?? I do not go along with this $10 per tonne cost. How much would you want to sit in the jungle with your ball rotting off and you feet turning to fuKKking mush??? 50K? 100K per year ? add in health coverage, insurance, bennies and thats almost $750 per day per expatriot in the field. Then there are the equipment cost depreciations and the maintenance costs, and the costs for the local labor. And costs to feed and house everybody. Quit being a fkn capitalistic bastard and start being human about the realistic costs of mining in the jungles. Bad ass business at the best of times. My opinion: this is good. but at this rate it is break even at best. We need a real rig. But we have proved that this is real. We have proved its got legs. We have proved that PVF is not just hot air. Sales of diamonds against confirmed production statistics are the key. When those are published we have a company with a proven mineable resource. Positve. very positive. I like it. it is not at a loss. It has potential....its good....

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