Canadian Diamond Play Cafi Message Board

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Gold/Mining/Energy : Canadian Diamond Play Cafi

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To: Letmebe Frank who wrote (2181)	12/14/2004 11:27:30 AM
From: VAUGHN	Read Replies (2) of 16214

Hello Frank While Renard 3 & 4's preliminary grades are attractive Frank, those pipe sizes are terribly small making stripping ratios potentially problematic and the initial stone quality doesn't suggest a terribly high eventual $/c price. Underground may be the only way to economically mine those ore bodies assuming the $/c price eventually proves to be over say $50/c which right now sounds like a significant stretch. As things stand, I wouldn't consider the Renard cluster to offer significant mine potential nor to be fair, would I characterize SGF's Star kimberlite as a potentially highly profitable ore body either. Grades and stone quality are not exciting and the surface stripping ratio is huge! Boiler room promotional success aside, I believe there are other diamond juniors that offer far greater short term upside and more likely long term mine potential. Regards Vaughn

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