Diamond Fields International Ltd. (DFI.T) Message Board

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Gold/Mining/Energy : Diamond Fields International Ltd. (DFI.T)

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To: John Thomas who wrote (76)	1/26/2000 10:53:00 AM
From: Dan P	Read Replies (1) of 141

John: DFI up again this morning. I just received Merrill Lynch and Nesbitt Burns recent reports on Namco, and they are quite positive. Namco bought ODM, an African off shore diamond mining company for about US $63 million, and they are now the number 2 off-shore diamond producer in the world, after De Beers. The amazing feature is that it is estimated that the off-shore diamond deposits are something like 4 fold the resource that exists on African land. In short, it appears that the offshore diamond mining is rapidly becoming the dominant source of production, particularly in Africa. No question that Diamondfields is litteraly sitting on a gold mine (or should we say diamond mine), and with Namco the technological leader in the field it would be logical fo them to combine in some way. Acquiring Diamondfields is going to be a lot more expensive than ODM was,however, for Namco. What is not well appreciated by investors in this sector, is that the finest quality diamonds in the world (hence getting the highest price per carat) are exactly where Diamondfields concessions lie. Regards Dan

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