Trump's 12 Diamond Picks, Discussions Limited Message Board

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Gold/Mining/Energy : Trump's 12 Diamond Picks, Discussions Limited

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To: teevee who wrote (2067)	5/24/1999 4:18:00 PM
From: Bob Fairchild	Read Replies (1) of 2251

The present resource of the four main pipes is estimated to be worth $7.5 billion U.S. 133 million carats X $56 U.S./carat (avg.) = $7.5 billion U.S. 40% of this is $3.0 billion U.S. The market is presently assigning a value of $10 CAN./share for the Diavik deposit. Another $1 CAN./share for Snap Lake. In other words the market is assigning the total value of Aber's share of Diavik at approx. $500 million CAN. or $340 million U.S. U.S.) add to this Aber's share to develop the mine of approximately $300 million U.S. and we have a grand total of $840 million U.S. cost package. You don't think it is worth spending $840 million U.S. to control a $3.0 billion U.S. resource ? Anyways, you still haven't answered my question as to why you think Snap Lake will be so expensive to develop that it will take something like Aber selling it's share of Diavik to pay for a measly 16% of development costs. You may want to invest your money elsewhere if you really believe this unless you are just pulling my chain. Bob

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