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Gold/Mining/Energy : REX DIAMOND MINING TSE:RXD
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To: Bob Fairchild who wrote (1267)3/27/1999 7:35:00 PM
From: George J. Tromp  Read Replies (1) of 2522
 
Hello Bob: It is amazing in this day and age what material news can do for a stock price, eh. I am waiting this one out, I figure there at 3 ways in Mauritania for Rex to hit the lotto. Remember that 24mil tons of kimberlite with an economic grade would be approx a 2.5 times leverage over Aber. The value added feature is about 110% given Rex has its own sorting,cutting,marketing facilities. I am curious as to how the market would value an economic discovery that eliminated standard CSO royalties, (10%), AND could maximize the product thru downline distribution from mine to retailer. I would suspect DeBeers worse nightmare might unfold should Rex discover just one commercial pipe, it may even tremble if the gravels hold an economic deposit. The Jig plant should be arriving shortly.
All the Best
George
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