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Gold/Mining/Energy : Precious and Base Metal Investing

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To: jrhana who wrote (13784)	7/11/2003 10:25:22 AM
From: The Vet	Read Replies (1) of 39344

According to the Aber web site the present mine life is expected to be 16 to 22 years. However of the 53 kimberlite bodies located on the Diavik properties as of December, 1998, 26 are known to be diamondiferous. During 1998, the Diavik Diamonds Project spent about $5.3 million to drill some of these kimberlites and to explore for new ones. The 1997 budget was $3.1 million, excluding pre-feasibility exploration on the four main pipes. Go to their web site and poke around. In particular look at the link "Major World Diamond Deposits" and check out the pipe values of Diavik compared with all the others. Mind boggling stuff, and please remember that in everything they have done so far their numbers have been conservative; values of first sales were higher than projected, the plant can process more than initial planned output, costs of building the mine came in under budget and earlier than planned. So far they have done everything right! aber.ca

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