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Gold/Mining/Energy : Arctic Star Diamond (ADD:CDNX)
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To: RJ2 who wrote (7)8/5/2003 9:08:48 PM
From: jrhana  Read Replies (1) of 32
 
I will watch the next few days and then probably average down my positition

I am definitely not selling

This makes sense to me also from the same poster in more detail:

:< MTX and ADD traders will sell... Posted By: diadon1945
Posted Time: 8/5/03 16:52 EST


...on news they don't understand. It is an opportunity for investors! Fipke's method of looking for diamonds is based on geochemistry. It is not easy for non-geologists to understand the meaning of these 2 sentences.."some of the chrome diopsides and olivines have equivalent compositions to chrome diopsides and olivines CONTAINED IN LARGE DIAMONDS FOUND AT THE EKATI DIAMOND MINE AND ELSEWHERE. Many of the diamond indicator minerals exhibit angular(near source) morphologies and at least 10 ARE ACTUALLY ATTACHED TO FRAGMENTS OF KIMBERLITE." The first 2 deep targets are described as "metakimberlite pipe rock" (that is how Fipke described some of the rock at Wawa some of which we now know does contain diamonds) but the targets they are now going after in Attawapiskat clearly are kimberlites with indicator mineral signatures similar to Ekati. These indicator minerals were found as inclusions(inside) large diamonds and inside the pipes bearing large diamonds at Ekati and elsewhere. Reading between the lines it appears to me that with their new auger-core drill and gravity and magnetic surveys they are working right on top of the kimberlite targets with the great geochemistry. I expect a flow of interesting information beginning later this month and going into the fall.>

From Frank Famularo's Diamond Forum
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