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Gold/Mining/Energy : DIAMONDWORKS DMW.v

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To: gypsy who wrote (155)	12/31/1998 12:17:00 AM
From: Kevin Hamlin	of 413

I think the best information by far in the email I received from DMW was #3!! <<<<3. Considering that we continue to operate the Luo mine, I do not believe that the current fighting in the central part of the country would deter us from reopening the Yetwene mine.>>> I totally overlooked this! THEY ARE STILL OPERATING A MINE IN ANGOLA EVEN WITH THE CURRENT FIGHTING!! This moves the idea of opening the Yetwene mine forward several BIG steps in my mind as they are showing that it is in fact possible to run a mine in the midst of fighting in other parts of the country. This isn't just some "dream" of the company. They are doing it now and showing it can be done!! Furthermore, I would assume that this mine would also be providing a source of cash flow for the company. Take a look at what they've been pulling out of the ground here!! (I know this chart will appear a little jumbled, but look close. A GREAT producing mine!) From their Fiscal '98 production at the Luo Mine only: Fiscal 1998 Month Carats Largest Diamond (carats) Dec 97 2658 13.35 Jan 98 6023 50.29 Feb 98 5871 19.97 Mar 98 6835 21.72 Apr 98 5573 35.10 May 98 5011 33.86 Jun 98 4104 232.6 Jul 98 3583 Aug 98 3467 Sep 98 3899 Oct 98 5329 Fis 98 52,353 232.6 Still a tough situation over in Angola, but I'm growing more confident in the possibility that this mine will in fact reopen....and with the anticipation of this...a greatly increased shareprice! :))) Kevin

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