PAR.V - Diamonds in China Message Board

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Gold/Mining/Energy : PAR.V - Diamonds in China

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To: Barber From Seville who wrote (29)	3/27/1999 2:12:00 AM
From: Lilian Debray	Read Replies (1) of 61

For KRT shareholders, it would be interesting to finally get a positive equation out of: 487,500 x $X - [($2.45 X 400,000) + ($0.40 X 87,500)] The Pan Asia group lives up to its motto and seems to be very good at tapping wealth, mineral or otherwise. Underground operations at an average grade of 1.17 carats per tonne between its two pipes would rank the Changma mine as one of the higher grade diamond mines in the world currently exploiting small pipes of less than 7 hectare area. Geological reserves of 3.65 million carats were reported in 1996 including 1.78 million carats in proven reserves between the depth of 90 to 300 meters. Inferred reserves to 600 meters are approximately 3.1 million carats. Very large stones have been recovered over the years, including one of 119 carats in 1983. A modern underground mine and processing plant are yet to be developed. The 702 concession surrounds the Changma mine. The seven diamondiferous pipes at Xiyu may contain in excess of 7 million carats. They have been explored to a depth of 600m. and seem open ended. Large gemstones between 10 and 18 carats have been recovered. No diamondiferous kimberlite pipe has been discovered yet on concession 703.

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