Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : RED EMERALD RESOURCES -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (562)	8/20/1999 11:06:00 AM
From: Martin	Respond to of 862

It may be worthwhile reviewing the mining operation for a bit here. Walt posted a good overview some time ago. In the small scale mining (which has been going on since December 98) most of the ore is stockpiled and the visible beryl is "picked" out by hand. What this means is that an overall grade is impossible to guesstimate from the small scale mining. It also explains why even with 20 or so tons mined per day, all of this ore isn't really being looked at yet. Until the plant has been operational for a while (2 months now) and the stones cut and evaluated, then any announcement on results is premature. It may have been a good idea for the company to EXPLAIN itself a bit better about this. If anyone is listening that is a hint (Don?). All this info should be ready for release quite soon though. I would think 2 to 3 months of running the plant should be sufficient. With the fall debut coming soon it should all coincide nicely. Hope so anyway. It has been a long wait.

To: Claude Cormier who wrote (562)	8/20/1999 1:34:00 PM
From: hugh thorne	Read Replies (1) \| Respond to of 862

I can't disagree with the lack of news, i harped on the same issue for June and July. In fact, you may remember, kidl even called me a whiner! If everyone had done as suggested in July and inundated them with calls we might be ahead! I have confirmed through the Utah BLM that they have been operating on the site for most of 1999. In fact, it was the level of ongoing legal operation that the BLM relied on in justifying their overload delays. That is, they knew they were not unduly hampering the company with the permit process. I have also confirmed with outside mining geologists that they are squirlling away down their. I also confirmed that they are exercising very good controls over leakage of product. This appears from outside sources to have been a Kennecott problem,and is a problem which plagues the diamond properties big time. Getting back to the point of my post, i think this represents a shift in stages and that the issues you are raising will now be addressed.