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Gold/Mining/Energy : TRIVALENCE MINING

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To: DRT who started this subject8/16/2000 4:18:27 PM
From: raffles97  Read Replies (1) of 527
 
Production at Aredor continues to increase and some nice 15 and 20 carat stones have been found. No more large Pink diamonds but we can hope for more luck. IR feels that the next sale in 2 or 3 weeks will bring in around $5,000,000 so we're looking at another nice quarter.

Sampling and drilling is indeed underway in Northern Quebec but don't expect news for a good while.

Botswana air survey continues and some results are already being interpreted. DeBeers has started similar prospecting on the property next to TMI's.

Parmageit should be in production in a week or two. Some problems adjusting machinery to properly process the specific ore being mined. IR states they are confident that this operation will generate some nice cash flow.

TMI has indeed been buying back some shares at this, IMHO, rediculously low market price we're faced with. Guess it helps us all by increasing the value of the company. Only wish I had more disposeable cash.
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