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Gold/Mining/Energy : Kensington Resources

KRT 21.94

-0.3%

Dec 5 9:30 AM EST

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To: BUDDY MOYNIHAN who wrote (810)	10/1/1996 3:28:00 PM
From: Zeev Hed	of 5597

Buddy: I think that investment in KRT is almost independent of the international price of diamonds and whether a monopoly in this market will still exist 5 five to ten years hence. The type of risk we are taking with this speculation (as we have all agreed to call it) says that if those kimberlites are full of them (diamonds I mean), then even at half the current diamond price KRT will be an excessivly successful investment. On the other hand, if those kimberlites are full of S***T, then the international price of diamonds won't matter much. Zeev

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