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Gold/Mining/Energy : Diamonds North Resources Ltd
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To: VAUGHN who wrote (27)10/18/2002 6:05:52 PM
From: kidl  Read Replies (1) of 334
 
A voice from the past ...

Kaiser says buy Diamonds North for Dia Met potential

Diamonds North Resources Ltd DDN
Shares issued 10,001,033 Oct 17 close $0.66
Fri 18 Oct 2002 In the News
John Kaiser, writing in an Oct. 15 Bottom-Fish Tracker, says Diamonds North (then 65 cents) is a top priority buy in the 50- to 75-cent range for its Victoria Island play. This is Mr. Kaiser's first substantial report since listing in July. He says the Victoria Island projects of Diamond North have long been perceived as a low-grade science project, but when the junior recently published results for a snippet of hypabyssal kimberlite from the Sand Piper kimberlite that suggested a five- to 10-carat-per-tonne grade, overnight the area became extremely interesting. If Diamonds North can demonstrate that this sample was not spiked by some rare mantle nodule of diamond rich eclogite, and then demonstrate that there is a lot more of this high-grade kimberlite, Diamonds North could turn into the next Dia Met. Diamonds North stock is not going haywire because there remain quite a few "ifs," but it is trending up. Speculators realize that the Blue Ice project is carrying an implied value of only $10-million. Mr. Kaiser senses Haywood would like a winner for all the right reasons and may not want to squeeze Diamonds North through the "dilution mill."
(c) Copyright 2002 Canjex Publishing Ltd. stockwatch.com
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