Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Twin Mining (formerly Twin-Gold) -- Ignore unavailable to you. Want to Upgrade?

To: VAUGHN who wrote (423)	4/4/2002 12:35:12 PM
From: jpthoma1	Respond to of 613

Gentlemen, watch your language!!!..............and the market too. TWG is slowly drowning to it's usual «post-result market price» which is normally around $0.30/$0.35 Will it go lower this time? JP

To: VAUGHN who wrote (423)	4/4/2002 12:50:31 PM
From: russet	Respond to of 613

Vaughn,.. I'll not waste any more time on you. I'm sure the rest of the thread, as well as myself are grateful for that promise. ******************************************************** For someone that has been around the threads and diamond mining for so long, I find it funny that you don't understand there are times to get in, and times to get out, and the price rises and falls in speculative cycles. I notice you have poo-pooed technical analysis before, and poo-pooed Kaiser on his emphasis on bottom fishing and knowing the market participants and speculative cycles. If you understood this, you might appreciate why I might seek to get in after a financing for the next speculative cycle on TWG's other Brodeur pipe explorations. By the way,...have you read the latest Northern Miner. Bruce Jago, Lakefield's manager of mineralogical services says he definitely sees some boart now, although in low proportion to the overall parcel. He also describes how a lot of the stones are strongly resorbed. Perhaps many of the big diamonds were turned into little ones. Because of this he postulates the mantle and/or emplacement conditions may be more like those in South Africa, than in the NWT and Russia which don't suffer much resorption. By way of an attempt at evaluation of TWG's parcel,...one could reflect back on Winspears results from their 200 tonne minibulk which yielded 226 carats of diamonds. That parcel had three diamonds greater than five carats that represented 10 % of the parcel weight ((10.8, 8. 4, and 6.04 carats), but contributed 75% of the US$300/carat valuation. The parcel also contained an additional 22 stones greater than 1 carat, with a total weight of 42.4 carats which is close to the carat total (46.208 carats) that TWG got from their 228 tonne minibulk. The average value of the remaining 25% or 201 carats (minus the three big ones) was given as $86.26/carat which a Deutsche Bank Report believed likely broke down into something like US$175-200/carat for the remaining +1 carat diamonds and US$50-55/carat for those diamonds less than 1 carat. If we give TWG's 46.208 carats similar valuations, we could say the 1.6 carat diamond was worth US$320 ($200 * 1.6) and lets give the rest $100 per carat to be nice so 44.6 * $100 + $320 = US$4780 in 228.19 tonnes or US$20.94 per tonne. Hopefully Hermann can prove this valuation wrong.