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Gold/Mining/Energy : Canadian Diamond Play Cafi

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To: Michael Mc Donough who wrote (1927)4/1/2004 2:46:58 PM
From: Letmebe Frank  Read Replies (1) of 16205
 
Michael - glad you dropped in. CMKX's NR yesterday said they are drilling to 2000 feet. THats the craziest thing I've ever heard for a first hole. Kimberlite below 300m, if economic, wouldn't be mined for 20 years, so why wouldnt they drill another hole to get info on anomoly size, etc? Did they ever say why they chose this target for drilling? Perhaps based on Government supplied data; did they do any t prior field work? I agree - this is a bet that there is someone less informed and similarily greedy out there willing to buy your shares. It could happen. I wish Red the best of luck.

LMBF
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