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Gold/Mining/Energy : Kensington Resources Ltd. (V.KRT) * Diamond in the rough!
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To: Terence Mitchell who wrote (3646)4/12/1999 1:44:00 AM
From: Lilian Debray  Read Replies (1) of 5206
 
This amoeba had a good laugh last weekend. Quite an irony! Who can forget from whom we have read all of this before?

Winspear may be the first mine in the world that will not necessitate an initial outlay <g>.

Just a few numbers about diamond quality.

"Analyses of these samples indicated twenty-five diamonds weighing greater than one carat with the three largest diamonds weighing 6.04, 8.42 and 10.82 carats. These three stones contributed 75% of the value of a parcel of 1387 diamonds (greater than 1.2mm) from this bulk sample with the value of $US 83.26 / carat attributable to the remaining stones."
Winspear annual report - Schedule C - Management Discussion
{The largest stones come from pit 1 and pit 2 in the NW dyke}

From the news release of March 5, 1997 - INDEPENDENT EVALUATION OF FORT A LA CORNE DIAMONDS COMPLETED BY DR. LUC ROMBOUTS 

Kimberlite Body           Average Price (US$/carat)
                                             
150                       $110
                                                      
120                       $85
                                                          
122                       $50


Some of the highest diamond valuations are US$104.20 for kimberlite 140 and US$184.00 for kimberlite 145 in 1995. Stone values as high as US$210/carat were reported from kimberlites 150 and 120 in 1996.
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