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Gold/Mining/Energy : A CANADIAN DIAMOND HUNT -- Ignore unavailable to you. Want to Upgrade?

To: jpthoma1 who wrote (585)	1/9/2002 9:33:47 PM
From: WillP	Read Replies (1) \| Respond to of 930

Nice post WillP, Thanks. I'll try one more time before I go home. ;-) In fact, diamond exploration by juniors is a very new phenomenon. Yes, it's only been going on in Canada for several decades, the last one very seriously. Anyway, I offered a compelling reason why salting a solid core sample is not possible in the same fashion as a gold sample. I won't repeat myself. However, look at the logic. If it were possible to lure a lab into my little scheme, I would plan to actually prove that I had diamonds in my diamond mine. That's still in question with Freightrain, due to the low numbers of diamonds actually recovered. If I were salting the thing, I'd be putting in many more diamonds. Think Diavik's numbers. I would hope that my share price would actually climb after the news of my salting. In the case of Twin, it actually dropped after the news. Heck of a way to make a killing, wouldn't you say? [grin] Furthermore, I would be in no great rush to do a mini-bulk sample of my "ore", because I would have to do a major salt job there too -- with the collusion of a pretty reputable lab. To salt a 500-tonne sample, to show a grade of a several carats per tonne, I would need at least 2,000 carats. Then, since I would be trying to tout these stones as of great quality, I probably would have to pay $250 per carat for the stones. That's a tidy half million -- U.S. dollars. Pretty rich down payment for a get rich quick scheme. Better to keep coming up with new "pipes" and gaudy diamond counts than to take a larger sample. May be I have read to many times the story of Bre-X. You might want to review another alleged salting scheme on Silicon Investor. That allegation happened in the summer of 1998, and it concerned a diamond play as well. Some place called Snap Lake, and a company called Winspear, if memory serves correct. It's an interesting story, and the posts are all still here. Here's a subtle hint: I wouldn't worry about salting at this stage. Implausibility aside, Twin's results are not worthy of any salter worth his -- err -- salt. But they're certainly intriguing enough to keep my interest up, if you'll allow me a bit of an understatement. In any case, I'll let this discussion drop, as I work my way back across the Internet to CSW. If you wish to pursue the theory further, offer up a firm theory of how a diamond play could be salted, rather than just invoking the name Bre-X. In any case, good luck, WillP