Canadian Diamond Play Cafi Message Board

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Gold/Mining/Energy : Canadian Diamond Play Cafi

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To: james flannigan who wrote (2487)	2/11/2005 9:03:03 AM
From: Chas.	Read Replies (1) of 16213

Jim, DeBeers has to know that a positive FS will cause confidence and excitement amongst the shareholders and the investment community as well... the shareprice could make some significant upward movement. Knowing this I wonder if DeBeers will try to close a deal with MPV for buyout before the release of the FS or at same time... or will they do as usual and just wait and wait and wait... I know they feel they rushed on Winspear/Snap Lake and paid too much for the resource..... another thing, the cost to build/develop a mine in the NWT is escalating yearly...Ekati was over a Billion dollars...KL is the same type of Geographical situation. A lot of questions remain on this one and DeBeers/MPV are not talking......... regards

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