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Gold/Mining/Energy : REX DIAMOND MINING TSE:RXD -- Ignore unavailable to you. Want to Upgrade?

To: Bob Fairchild who wrote (1771)	10/14/1999 7:10:00 AM
From: virginijus poshkus	Respond to of 2522

Bob, your numbers look goooood. posting a little early , eh? vargas

To: Bob Fairchild who wrote (1771)	10/14/1999 8:20:00 AM
From: George J. Tromp	Respond to of 2522

I wasnt aware of the broadcast Bob, but scratch padding the numbers, I would say Dr.Luc thinks they will have a bil dollar a year producer. Based on 100% ownership an easy 2bil market cap pre production. Now add in the vertical integration, 90 cutters and polishers and worldwide distribution vertically integrated, and you have oh I would say another 1bil dollar to the market cap. Rex could easily nudge Debeers into the backround, were that to occur. Remember a minimum of 400% markup on VS1 stones from mine run to marketing destination, also remember a premium would occur as well delivering a finshed product. Oh, yea, we would be commanding our own stable of camels, looks like we found a CEO who believes as well, putting his money in the stock price as it has ascended rather than tanking the stock and gobbling up shares. Hmm, maybe some of the "other" diamond producers ought to take note. Regards George

To: Bob Fairchild who wrote (1771)	10/14/1999 8:20:00 PM
From: teevee	Read Replies (1) \| Respond to of 2522

Bob, LOL...you should do some DD before you invest your money. Ashton was the first in Mauritania and took all the best lands located over the central and thickest parts of the craton. Their land holdings exceed the size of the entire Slave craton in Canada. RXD came in after and took the scraps that Ashton didn't want. Diamet recognized this and entered into a $10 million dollar farm in. Ashton and Diamet have a number of diamondiferous pipe clusters. What does RXD have? Marginal lands on the margin of the craton. No doubt with barren and non-economic pipes. Lucky for RXD that diamond exploration takes such a long time. RXD may be able to keep this "story" alive for years. Have you looked at the financial statements? The company is essentially bankrupt. If not for the deep pockets of RXD's major shareholders propping up this poor excuse for a company and its share price, it would have been on the rubbish pile of history by now. Sooner or later the chickens will come home to roost;-) teevee