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Gold/Mining/Energy : Twin Mining (formerly Twin-Gold)
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To: geoffb_si who wrote (422)4/4/2002 1:00:56 PM
From: Valuepro  Read Replies (3) of 613
 
Looking back through some old newsletters, I see that DiaMet reported 90 carats from a 160 ton sample in mid 1992. A few months later, the stones were reported to have an average valuation of $83.50 per carat in a research report by Credit Lyonnais Laing.

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Upon writing the above, I decided to call the company and chat with Roswitha about this. Now, what follows are my words, not quotes, so I'm hoping I got the nuances down correctly.

RD informed me that relatively new Toronto Stock Exchange rules prohibit valuations of stones until a parcel of at least 2,000 has been secured. She offered to Fax me a copy of the specific regulation from the TSE rules book, but I declined. However, I'm sure she will do so for anyone who wants to see it in print.

Further, TWG has been advised by DTNV to avoid discussion of the colored stones to prevent any focus in that direction. There may be no way to estimate the distribution of what might only be occasional occurrences.
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