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Gold/Mining/Energy : Kensington Resources Ltd. (V.KRT) * Diamond in the rough! -- Ignore unavailable to you. Want to Upgrade?

To: tom eland who wrote (4278)	8/27/1999 2:37:00 PM
From: average joe	Read Replies (1) \| Respond to of 5206

Diamond mining is very secretive Tom, so my guess is that it will be all underground, away from prying eyes. aj

To: tom eland who wrote (4278)	8/27/1999 2:45:00 PM
From: heavylifter	Read Replies (3) \| Respond to of 5206

Hello every one and tom.. The cost to process one ton at FALC is about $13.00 cdn based on 40-60 tonnes processed per day. This includes everything including overburden removal. It will all be open pit. After the diamonds are extracted the dirt will be replaced in the pit(s). There is a road to the site as well as power. And, lots of people around to do the work who would be real happy for a job. SO, this means that FALC doesn't need more than $14.00 per ton in sales to get $40-60,000 dollars per day profit. And, I'm betting that we get a lot more than that on average. The tonnage is so huge that we will be mining for 91 years. Anyone want to guess what a raw high quality diamond is worth per caret in 5 or 10 years. Hell I'm going to be cashing dividend checks soon. About $2.00 per share per year if my math is right. Gotta go feed that darn mule... Heavlifter

To: tom eland who wrote (4278)	8/28/1999 2:41:00 AM
From: Mike G	Read Replies (3) \| Respond to of 5206

This mine would be open pit, but one thing I forgot to mention from the AGM. Art Decarle suggested selective mining. He believes it could be accomplished at FALC. In other words the areas where the grade is highest, concentrate on those, and be selective in what you mine. This way you get a higher return initially to develop more areas, and more kimberlites (remember we have the largest kimberlite cluster in the world.)