Kensington Resources Ltd. (V.KRT) * Diamond in the rough! Message Board

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

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To: Mike G who wrote (3650)	4/14/1999 9:50:00 PM
From: Lilian Debray	Read Replies (2) of 5206

I mean that contrary to what has been posted there is nothing wrong with diamond quality IMO. Glass diamonds, the "Cominco report", underground water or mining costs of $200 at FALC are just angry nonsense. Message 8856157 On a body of 213,460,000 tonnes such as kimberlite 145 a FALC, with stone values of up to US $184/carat, the initial capital outlay would represent a maximum of $2.81/t. For approximately $15/t, it could be mined at a rate of 40,000 t/day and processed. Winspear costs would likely be higher: "MRDI Canada, a division of H.A. Simons Ltd. has estimated in a scoping study on potential mineability of the NW dyke kimberlite that total operating costs (Mining, Processing, General &Administration) of a combined open pit / underground mine based on known characteristics of the NW dyke, assuming a ten-year mine life and 1000 tonnes / day production rate, is Can$86.41 / tonne (approximately US$59 / tonne). Winspear notes that the smaller diamonds alone would more than cover the estimated operating costs." winspear.com

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