the REAL Brazilian diamond explorer is Brazilian Diamonds
-BDY.V- Canadian Explorer with a strong JV partner, exploring on ground formerly worked by DeBeers, which spent considerable
money & time collecting samples & accumulating detailed records on the property....the following is excerpted from an interview with John Prochnau....
XL: Country risk.
JP: Yes. And wherever I’ve worked outside North America, whether representing Brancote, or Hidefield, or other parties, I’ve gone into areas where I am reasonably certain we have local partners who can help us navigate the choppy waters. With Hidefield, we’re involved in Brazil and Argentina. In Brazil, we had a ready-made infrastructure, an administrative setup and very capable Brazilian engineers, geologists and technicians we could draw on, through our partner Brazilian Diamonds. In Argentina, we’re in partnership with a group of Argentine businessmen and Europeans with very significant investment in that country . . . .
XL: Can you tell us about Brazilian Diamonds? Doug met with Ken Judge in Vancouver last September, and he told us a good story, but many other folks were quite skeptical. What do you think of the situation?
JP: I think it’s exactly as represented by Ken and his associates. Brazilian Diamonds is a major shareholder of Hidefield and our JV partner in Brazil. On the other hand, I have no role whatsoever in Brazilian Diamond’s management or prospecting activities, so what I know is what I hear and read, the same as any investor.
XL: Speaking as a prospector, then, does what you read and hear make sense to you?
JP: Yes, it does. Basically, what Brazilian Diamonds is doing is following up on earlier work in Brazil by De Beers ….
XL: That’s one of the things that makes people skeptical; if there had been anything there, De Beers would never have let go of it.
JP: You know what we used to say in Nevada? If you want to find a mine, just go where Kennecott was and pick up one of the projects they abandoned.
XL: Very good.
JP: De Beers invested a lot of money in Brazil, generated an important data base and found a smallish diamond-bearing pipe. However, it apparently didn’t fit their parameters for probable number of carats per year, and so they disposed of it. But what doesn’t fit De Beers size guidelines could very well fit a smaller company.
entire article....
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