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Gold/Mining/Energy : Darnley Bay Resources - DBL. VSE
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To: Willithit who wrote (217)10/11/2000 6:58:20 PM
From: Grant Baker  Read Replies (1) of 221
 
Hi Will. Long time, no post. Just an observation, but maybe you could tone down the excessive exuberance just at bit.

I may be wrong, but it is my understanding that for every 100 kimberlites, there is a 70:30:1 ratio for economic pipes. That is to say 70% of kimberlites contain no diamonds, 30% have diamonds but they are not necessarily economic deposits, and only one pipe in a hundred might be considered economically feasible for actual development.

Diamonds are sexy. They are probably the only sector of the mining game that can raise financing at the moment. I wish DBL all the luck in the world and hope that they do find economic kimberlites, but please, try to keep your enthusiasm for this stock a bit more contained.

Regards.
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