Canadian Diamond Play Cafi Message Board

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Gold/Mining/Energy : Canadian Diamond Play Cafi

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To: WillP who wrote (2629)	3/13/2005 11:45:25 AM
From: james flannigan	Read Replies (1) of 16206

Will P, can't argue with your figures,but all these calculations have no bering if Debeers is correct in their long term forecast of diamonds doubling in the next 6yrs according to Dr. Vandersande.I also think that Aber would be interested in MPV at C$5.00 if they knew that the cash flow could support a C$ 15 to C$ 20 stock price in say 4 or 6 yrs.It would not be unreasonable for Aber to take up an equity position in MPV as we have seen with the likes of Newmont,Franco Nevada,and Tiffany on other projects.The one thing we must all keep in mind is if KL has US$3 billion soon to be US$6 billion of ore the mining costs will not change much,but the economics would put the mine in a world with Diavik in terms of IRR.I will go on record with John Kaiser the mine is far more valuable that most think. James

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