Kensington Resources Ltd. (V.KRT) * Diamond in the rough! Message Board

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Gold/Mining/Energy : Kensington Resources Ltd. (V.KRT) * Diamond in the rough!

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To: Scott Reynolds who wrote (4854)	6/27/2000 2:29:00 AM
From: Mike G	Read Replies (3) of 5206

My guess is the upswing in WSP has caught KRT along with it. I heard the news release on the business radio this AM about WSP, and DeBeers said that they wanted to get into the Diamond business in Canada quickly, and that the WSP mine is ready to go now. I don't know the site, but I do know how difficult the other sites are in the NWT. The BHP project is mining diamonds at the bottom of lakes. The infrastructure to do this is costing millions of dollars. I heard that the Diavik project is costing 2.2 billion. This makes the FALC site look like a pussycat. No infrastructure to build (camps etc.) just some open pits, and a processing plant. We know there are diamonds there, if just 1 would surface at 1 or 2 carats, then away we go. Here's hoping. If the Falcon is reading, unfortunately I am in Calgary this week, so will miss the AGM. Please keep notes and fill us in. Thanks. Mike G

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