Canadian Diamond Play Cafi Message Board

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Gold/Mining/Energy : Canadian Diamond Play Cafi

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To: Famularo who wrote (340)	12/3/2002 10:16:13 AM
From: Letmebe Frank	Read Replies (1) of 16206

Frank F - I notices the following in Wills wire: Of the four largest diamonds recovered from Renard-4, only two were described as colourless, with the two others listed as pale brown. Meanwhile, just two of the six largest diamonds at Renard-2 were colourless, with the other four being pale yellow or pale brown. As well, some of the Renard diamonds were composite crystals. As well, the 0.95-carat stone from Renard-5 was described as a grey composite crystal, while the larger macro in Renard-6 was a clear but translucent single crystal. All of that does not sound as favourable as some other deposits that have their promoters oohing and aahing over the exceptional quality of the stones, but it will take much larger samples to actually provide a reasonable inkling as to what the average value of the Otish Mountain diamonds is likely to be. Reading between the lines, it would appear to me that valuations may be low for the Otish diamonds; grade is low, and ACA is slow. Still means a no-go, for me. Who is touting the exceptional quality of their stones? Herman?

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