Canadian Diamond Play Cafi Message Board

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Gold/Mining/Energy : Canadian Diamond Play Cafi

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To: VAUGHN who wrote (2484)	2/11/2005 8:36:02 AM
From: james flannigan	Read Replies (2) of 16213

Vaughn.Good news from the CFV meeting.Word is FS will be completed in March.Results are due in early April.Also in the Toronto Globe,Debeers in Cape Town is expecting as much as $US 1 billion in revenue from three Canadian mines Snap,Victor,Kennady Lake.It seems that the mine at KL will contribute most of this revenue percentage that the other mines.In order to achieve that,I conclude that the mine is richer and diamond values must have increased as the FS may show.We may see a nice build in MPV shares as April is only weeks away.At any rate I think that MPV represents the cheapest future mine in Canada.Investors may see that KL is 70 times richer that the Star Kimberlite.Stock of MPV is clearly undervalued.This will IMO soon change.as under the JV agreement Debeers is required to fund all mine construction,with MPV to pay back out of its cash flow, no financing risk to MPV shareholders.This is a very good deal.Infact it is better than Diamets and Abers JV at the time of this stage they were in. James

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