Caldara's Diamond CDR,M Message Board

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Gold/Mining/Energy : Caldara's Diamond CDR,M

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To: Kenny Low who wrote (80)	7/23/1997 9:19:00 AM
From: Aurum	of 303

Ken, I agree that caution is always warranted; and diamond stocks are at the most speculative end of the market, so caution is advisable. However, I have been following Caldara's progress and my feeling is that they are in the top couple of percent of diamond stocks. Everything looks and feels OK and the prospects have great merit. The Abminga area was originally picked up by the Mines Department of South Australia (each Australian State has it's own government/legislature) and the Mines Department think highly of it (as judged from their media statements etc). Also, South Australia would have to be probably the safest place on earth to mine - all of the environmental and native peoples' land rights matters are being resolved; in most other places these problems are only just starting. I don't hold any Caldara (I am heavily overweight with other diamond stocks; I will buy Caldara when I can get out of some of my present stock) but I do hold some mining tenements in South Australia and I have held specific diamond tenements (as a prospector), and I do know the general diamond prospectivity of South Australia.

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