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Strategies & Market Trends : 2002 Canadian Stock-Picking Challenge

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To: ringo99 who wrote (620)4/3/2002 2:34:08 PM
From: Al Collard  Read Replies (1) of 1590
 
KRT-v...in the news:

Kaiser sees big things for Kensington's Sask. play

John Kaiser, writing in a March 22 Express, says that unless he is way off
base, Kensington Resources (then $1) in the next six weeks will attract the
attention of an institutional audience that will drive the stock into the
$3 to $5 range and justify higher price targets as Fort a la Corne shifts
to prefeasibility. Mr. Kaiser stresses that the Fort a la Corne project has
world-class potential and is a candidate for a $1-billion to $2-billion
ultimate project value. He says he was cool to the Fort a la Corne area in
the past, but on the basis of new developments and considerable research
during the past few months, he has acquired a new respect for the
Saskatchewan diamond play. Much of Mr. Kaiser's optimism is somewhat
speculative, referring to De Beers's "body language," and having faith in
De Beers' modelling expert, Johan Ferreira. During the next six weeks De
Beers will deliver results from last year's Fort a la Corne bulk sampling
program. The program targeted two kimberlite bodies, No. 141 and No. 150,
which represent about one billion tonnes within a field encompassing about
10 billion tonnes of kimberlite. The news will likely come in several
stages.
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