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

To: Bob Fairchild who wrote (2194)	1/11/2000 9:00:00 PM
From: rdww	Read Replies (1) \| Respond to of 2522

Let's see - $1.8BB you say for RXD per yr - well that oughtta scare the sheet outta Debeers! Last yr they recorded a record yr of $5.24 BB in sales. They also control 70% of the diamond mkt. Therefore the diamond mkt is $7.4BB last yr and now RXD says that they can corner 25% of it before they have drill results back. Impressive. Kinda makes ya wonder why all these other companies had to go for yrs drilling, testing, drilling, testing. But maybe RXD is different. Be glad to eat my hat when they start that massive production that has been alluded to w/o any mention of the start up costs, which are pretty minimal I suspect.