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Gold/Mining/Energy : Canadian Diamond Play Cafi

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To: WillP who wrote (2635)	3/13/2005 12:16:24 PM
From: james flannigan	Read Replies (3) of 16206

WillP,Debeers will never give up the marketing rights for any kind of money.Debeers plan many years in advance, I would even go as far as saying they have already hedged the Canadian dollar a long time ago to keep the wheels turning in Canada.They don't need any one to help them finance a mine.Remember they are flush with cash just like the oil companies due to rising resource prices.For this reason alone they will move KL to production once a FS is in hand.I asked a question to Dr. Vandersande the same one I posed to Randy Turner a number of yrs back."do we have a mine yes or no? His reply " hang on to your shares,you are going to do very well on them".I bought more stock in WSP after meeting with RT.I will buy more in MPV as cashflow will allow.5000 kimberlite bodies world wide,1% contain diamonds, of that only 20 economic mines in the world.Diamonds are rare indeed,and when you find a deposit, as Warren Buffett says we get scared when everyone is greedy,but we get greedy when everyones scared.Lately Ive been getting greedy with this play. BTW Jan said Debeers is no longer exploring on the JV and at this point none is planed I wounder why????? James

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