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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: knight who wrote (1373)	8/31/2001 12:06:28 PM
From: russet	Read Replies (1) \| Respond to of 8273

De Beers extracted just over 300 tonnes of kimberlite from the Hearne pipe, and about 550 tonnes of material from the AK-5034 pipe. 2000 carats/850 tonnes = 2.4 carats per tonne Given they were likely sampling the best areas of the pipes, this is a bit dissappointing,...earlier results produced as high as 3 carats per tonne. Values for rough have decreased considerably over the last year, so the value per tonne may be uneconomic again,...less than US$50 per carat, unless they pulled some nice big ones out. The rumor touts better start whispering about lots of 5 carat+++ diamonds (gggggggggggggggg).