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Gold/Mining/Energy : MPVIF Mountain Province Mining
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To: marcos who wrote (708)4/8/1998 9:04:00 PM
From: sunset  Read Replies (3) of 2577
 
#707 - Again the largest diamond to date is 2.88cts from a very small sample using a maximum of 4"round core. Incidentally, the most important factor in determining value for a diamond play is to have a good per tonne value and tonnage (Not "what is the average size diamond"). In response to post #5, I like how you chose to compare a mid-range pipe like the 5034 (US$82.50 per tonne, 15 million tonnes for a total of approx. US1.2B)to one of Aber's best pipes. Aber has exceptional value and is indeed, not the norm. However, since you used this comparison, let highlight some other key items. Tuzo & Hearne's initial exploratory core results were similar to if not better than Aber's. In-fact, Goepel Shields Report dated 3/12/98 projects the following potential grades for Tuzo & Hearne: Tuzo (2.2ct/t) & Hearne (3.3ct/s) per tonne. Now if you use assume an average value per carat of US$55.00 per carat using the numbers from the 5034 preliminary evaluations, we could see a per tonne value of US$121.00 for Tuzo & US$181.00 for Hearne. The min-bulk sample results due back by around the end of May will give us a better idea. #6, Again synthetics are not material in this discussion. MPV will be graded on commercial value. #7, Diamet's rough average grade is 1.51ct/t, average value per carat is US$93.40 and most important, their per tonne value is around US$82.19 per tonne with 25% -30% gem quality. They will be in production the third quarter of 1998
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