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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (108)	10/11/2001 12:05:33 PM
From: rdww	Respond to of 39344

KRT releases valuations today on it's assesments from the 2 pipes. Valuations are above $100 US - which is nice and they grade is on par with what has been suggested for some time. DB has inthe past 'lost' some lab work on KRT stuff. DB seems to be holding back on moving this fwd - whether they wanna see if they can dilute KRT to oblivion or they are trying t hold back diamonds as they slow down a bit - who knows - DB ain't talking. Check out DB's website and you'll se that they mine in variuos parts of the world at .2 cpt - so what wil it cost to rev up KRT/SGF? DB is processing more kimber from KRT - jst as soon as they move the Pele material in a rush first PARTIAL RELEASE Grade Grade Model Sample Forecast Forecast Value Carats /cpht /cpht US$/ct. Body (+1mm) (+1mm) (+1.5mm) (+1mm) -------------------------------------------------------------- 122 17.31 8 7.5 133 122 13 12 136 141 21.06 19 18 148 141 19 18 173 -------------------------------------------------------------- (table continued) Model Model Model Value Revenue Revenue US$/ct. US$/t US$/t Model Body (+1.5mm) (+1.0mm) (+1.5mm) Description -------------------------------------------------------------- 122 144 11 11 Best fit 122 147 18 18 Optimistic 141 153 28 28 Best fit 141 179 33 32 Optimistic -------------------------------------------------------------- Given the size of the samples, the changing diamond market and price fluctuations, WWW are satisfied that the De Beers valuations and their associated modelling are reasonable. WWW is an independent British-based diamond valuation and consultancy company, which has carried out a number of valuations for diamond mining and prospecting companies. As part of Diamonds International Canada (DICAN) Limited, it is the current valuator to the Canadian Federal Government. The principals of WWW, Charles Wyndham and Richard Wake-Walker, are members of the Company's technical committee. The Fort a la Corne Diamond Project is a joint venture among De Beers Canada Exploration Inc., a wholly owned subsidiary of De Beers (42.25%), Cameco Corporation (CCO-TM;CCJ-DNQX;CMECF-L) (5.5%), UEM Inc. (carried 10%), and Kensington Resources Ltd. (KRT-CDNX;KNSRF-L) (42.25%). The 71+ kimberlite bodies of the Fort a la Corne Field form one of the largest diamondiferous clusters in the world. The 2001 program is funded by Kensington, De Beers, and Cameco. ON BEHALF OF THE BOARD OF DIRECTORS OF KENSINGTON RESOURCES LTD. (signed) ``David H. Stone'' David H. Stone President TRADING SYMBOL: KRT-CDNX For further information, please contact William Callahan, Manager of Investor Relations at (250) 361-1KRT or by e-mail at bill@kensington-resources.com Kensington Resources Head Office Suite 304, 1208 Wharf Street Victoria, British Columbia, CANADA V8W 3B9 Tel: (250) 361-1KRT (361-1578) Fax: (250) 361-3410 Website: www.kensington-resources.com E-Mail: info@kensington-resources.com

To: russwinter who wrote (108)	10/11/2001 3:32:47 PM
From: marcos	Read Replies (1) \| Respond to of 39344

There's a guy called WillP who posts on stockwatch, he writes for them articles called StreetWires, very informed guy in the diamond biz ... here's the suf.to thread there - forums.canada-stockwatch.com ... different format, takes some getting used to, from 'Forum Entry Page' you can put sgf in the box to find its thread ... he's written streetwires on Shore and most canadian diamond juniors ... lots of background and perspective in his stuff, highly useful ... he has an SI login as well .... cheers ps - you can post over there free pps - other smart diamond folk there too