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Gold/Mining/Energy : A CANADIAN DIAMOND HUNT

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To: Letmebe Frank who wrote (845)9/8/2002 12:47:39 PM
From: Rocket Red  Read Replies (1) of 930
 
WILLP from the Famous Streetwires on MPV

What you *can* disagree with is whether there will be a mine there, or not. For what it's worth, I disagree with the maket as well. I think there will be a mine there as well.
Randy Turner and I spoke about the fact that Debeers took out the most valuable 9.9 kt and removed it from the parcels valuation.RT said that DBrs was playing games, using the fluke theory.
I have been making that very point in the street wires for some time now. The modelled value of the 5034 diamonds is actually less than that one stone. They wrote it off entirely, and a bit more, in other words.

For all of us we would have to be in the loony bin if we belived that in 22 million tons Debeers scooped up 1000 tones and by chance found the only large stone in the deposit. I don't buy that.

It's possible, but what are the odds. It's all about odds. You're in a 5-player poker game and are dealt a full house, Aces over fives. All four players could have better hands. What do you do?

Give Credit where its due!WillP knows his stuff on Diamonds and Facts as he is one smart cookie
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