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Gold/Mining/Energy : Canadian Diamond Play Cafi
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To: Letmebe Frank who wrote (420)12/20/2002 10:55:34 PM
From: E. Charters  Read Replies (1) of 16206
 
Canadian pipes have everything going for them except size. They are from 5 to 15 times the grade of any other pipe field in the world on the average. The come right to surface in many cases so they are easy to find by just flying about or doing infrared photos. The first Canadian mine was found by visual inspection from an aircraft. Not counting the pyrope train hunt. Over 100 CDN pipes have been found by looking out the aircraft window. I know even some discovering geos will be incredulous at that, but I stand by my statement. The first K's in Canada that were diamondiferous were samples in the NWT in 1953! True story! I have the proof.

What stops Canadians from developing mines is the fact that in the past geology was a bird course that was taken by people who could not figure out how to get thru University fast. This made the management group of CDN geos people with not very good judgement.

The thing that stops the NWT from being a mad rush of people with dog teams is that the Canadian investment public is criminally ignorant of the high profitability of raw diamond producing mines, and the average Canadian geologist, as ignorant as he is about general geology is asbysmally and unfathomably ignorant about the simplicity and cheapness of actually finding a diamond mine. In fact it is almost a certainty based on only average exploration success, that if 50 million were spent that one could find a fairly productive diamond mine. In that case, the money would be paid back in about 3 months of the start of production.

EC<:-}
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