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Gold/Mining/Energy : MPVIF Mountain Province Mining

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To: Gabriela Neri who wrote (1091)7/28/1998 12:39:00 AM
From: Grant Stewart  Read Replies (2) of 2577
 
Talked to James ROckwell of IR today.
He said Jan got back today and said the diamond evaluators are happy with the diamonds they see in front of them. James hadn't yet had much of a talk with him yet.
He said expect valuations by 3rd week of August.
He said Debeers historically doesn't even go to the mini-bulk stage unless they are pretty sure they are going all the way with the property.
His feeling is that the major bulk sample will happen.
Speaking of major bulks, I am a mining engineer and just submitted a request to the Alberta government for a bulk sample test where I work. Ours doesn't cost anything like this one though.
I asked if Debeers could put off the bulk for one more season and he said no, contractually they couldn't. He didn't know the specifics though.
I notice from the chart the stock is in a vicious downtrend. I want so badly to buy some stock but I will not til I see this trend reverse. I've been burned on too many stocks buying before the bottom is found. I think this one's bottom could be less than one week, so I may miss the really cheap prices whoever I can't afford to be burned anymore.
Hope this info help the thread.
Grant
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