Kensington Resources Ltd. (V.KRT) * Diamond in the rough! Message Board

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Gold/Mining/Energy : Kensington Resources Ltd. (V.KRT) * Diamond in the rough!

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To: average joe who wrote (2400)	7/31/1998 4:38:00 PM
From: Chad Barrett	Read Replies (1) of 5206

AJ, The report I was referring to was NOT based on an extrapolation... the references to it possibly being economic to mine, etc. were based on an extrapolation. The actual diamond values per carat were based on actual stones Luc Rombouts was sent. I believe the figure varied between $50-$100/carat'ish in a few of the pipes (based on drilling so far). Everything beyond that is an extrapolation.... ....... and yes, any stones that are just over 1 mm in 2 dimensions would be quite small after being cut. However, you see such diamonds in jewelery all the time... Sure they aren't the big center piece stones for an engagement ring.... but I have seen tons of rings, necklaces, bracelets, pendants, earrings, watches, etc with numerous smaller diamonds in them. Heck, part of our per carat price probably included "industrial quality" diamonds too.... but so what! ... if the whole deposit was just industrial quality but there were enough of them... it could still be economic to mine. The bottom line will be how the whole equation fits together. $/carat value of the diamonds, carats/tonne, and cost/tonne to mine.... A little over simplified, but that is basically what matters in the end.

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