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: Maher Sid-Ahmed who wrote (2417)	8/5/1998 10:26:00 AM
From: Lilian Debray	Read Replies (1) of 5206

DeBeers share price is about $17 so how can KRT go to $30 even if we are talking Canadian $'s. Actually, it is not impossible at the time of a final feasibility study. That target may be based on medium-to-long term target prices for Aber Resources ($30-40 per share / 45.5 million shares outstanding, 48 million fully diluted) such as the one set by David James, mining analyst for Canaccord Capital in a recent research report. Under the title "Persistence pays off for Aber" p.6, the Northern Miner (Aug 3-9, 1998) comments on the report: "The report includes an excellent discussion on Aber's evolution as an emerging diamond producer, which James witnessed first-hand. There was a learning curve, to be sure (BHP and Dia Met had a better handle on both the geochemical and geophysical signatures of the pipes likely to be diamondiferous), but Aber and its partner (Rio Tinto) learned fast they also learned valuable lessons from the fiasco known as Kli Kwi Cho - a highly touted pipe that failed to live up to early expectations." That was back in November 1993. In 1991, ABZ went from a high of $1.40 in July to $0.35 in August.

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