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Gold/Mining/Energy : Clear Creek Resources - CK/VSE

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To: Gary S who wrote (115)5/1/1998 9:48:00 AM
From: Francis Scavo  Read Replies (2) of 150
 
Gary

<<CK has 213 / (3714 / 100) = 5.74 carats per 100 tonnes. Apparently,
that's not economical ... BUT ... the release goes on to state that "a
significant portion of the diamonds was not recovered by the plant.">>

Also what has to be taken into account is they are getting bigger diamonds which are worth allot more per car. To bad the plant was in such bad condition. I guess the cut in price will make up the difference.

Francis
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