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

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To: Lilian Debray who wrote (3271)1/31/1999 3:34:00 PM
From: Chad Barrett  Read Replies (1) of 5206
 
<< On the other side of the coin, I see that Monopros/De Beers sent their top technical brass to the drilling site. There must be something of interest over there?

Heads or tails? What will 1999 be like <g>? >>

Of course there is something of interest there! We have known that all along........ the problem is that it tends to be of lower carat/tonne than the NWT pipes. But compared to a lot of the producing pipes in the rest of the world, the numbers aren't that bad at all!

The real kicker (and its something that the market just can't grasp), is that if they would to actually drill enough holes to get a feel for the "zonal variations" they could probably find enough material in many of the pipes to make a mine! Because of the incredible size of the FALC pipes (especially when compared to the NWT pipes), all they have to do is find a rich "zone" and it would produce more tonnage that an entire NWT pipe.

Maybe this year they will get around to doing enough work to actually come to a final conclusion! If they put out some good results, in a well structured news release.... and they announce that deBeers wants to do a bulk sample... the share price should take a nice ride up! They do a financing around $2+ to get the money for the bulk sample... and next year we have "the real fun" as we wait for the bulk sample results...

That's the way I would like to see things go... and things could go that way... ? I'm not holding my breath though... *grin*

Chad
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