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Gold/Mining/Energy : Canadian Diamond Play Cafi
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To: Chas. who wrote (2509)2/15/2005 9:17:01 AM
From: james flannigan  Read Replies (1) of 16206
 
Chuck,let get the facts strait.Debeers desk top study is that KL would cost C$600 million to build the mine.These figures will no doubt be revised up about 20% to C$720 million.The diference with Ekati and Diavik is that KL is only shallow,and the Pipes are only in about 15 feet of water.There has been about a 27% increase in rought diamond prices from the last desk top study,this should well cover any increase in costs as well as making up for the decline in the $US dollar.If KL is not economic to mine,then investors in SGF and KRT had better watch out.Remember Diavik and Ekati are producing revenue at about 30% over the FS.We may well see the same for KL. James
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