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Gold/Mining/Energy : A CANADIAN DIAMOND HUNT

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To: VAUGHN who wrote (902)	7/31/2003 9:00:01 PM
From: rdww	Read Replies (2) of 930

DB's victor pipe is between 0.25 and 0.40 cpt GEM's Genesis had a modeled grade from 4.5 t's of 0.30cpt and the actual grade was 0.11 cpt DB has a couple mines in op already around the world less than 10cpht - it comes down to the quality of the stones popping up Victor is gonna cost $700MM to get up and is targeted for'07 GEM has estimated cost per tonne under $10 CDN to mine IF GEM works the property and digs up stuff - could make DB follow instead of slow down the process there

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