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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?

To: KC Jones who wrote (7413)	3/26/2002 1:52:23 PM
From: Rocket Red	Respond to of 11802

Ya but they do have diamonds 1.5 Carat stone already found of high Quality.Dollar values are Higher than the NWT. Don't forget your missing the point a Billion Tons of Kimberlite.Cost of Mining Dirt Cheap.There's a Big Difference to mine Diamonds in SASK as too the NWT. Yes were in it for Dollars

To: KC Jones who wrote (7413)	3/26/2002 1:57:47 PM
From: russet	Respond to of 11802

Odds in the Kimberlite Diamond Exploration Biz. ACA provided some figures at their technical session held at the PDAC. Of the 6395 kimberlites found world wide to date,... (1) 14.5% or 928 have diamonds in them (2) 4.1% or 264 have a grade > 3 carats per hundred tonnes (3) 0.75% or 48 are producers (economic enough to mine) so with some probability analysis we can answer the question (based on averages of all world kimberlites): Given a kimberlite is diamondiferous,...what is the probability it will be economic enough to mine? Chance of being diamondiferous: 0.145 Chance of being economic: 0.00751 Therefore chance of being economic given diamondiferous: 0.00751/.145 = .05 Similarly the chance of any kimberlite being economic is 0.75% or one in 133.