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Gold/Mining/Energy : Canadian Diamond Play Cafi -- Ignore unavailable to you. Want to Upgrade?

To: Chas. who wrote (533)	1/27/2003 3:57:46 PM
From: Famularo	Read Replies (1) \| Respond to of 16206

Tahera completes Jericho environmental impact statement Tahera Corp TAH Shares issued 304,940,970 Jan 24 2003 close $ 0.22 Monday January 27 2003 News Release Mr. Grant Ewing reports TAHERA CORPORATION ACHIEVES SIGNIFICANT MILESTONE - FINAL ENV ... Tahera has completed the final environmental impact statement for the Jericho diamond project. Completing the final environmental impact statement represents a significant milestone in the diamond mine development process in Canada. The environmental impact statement is an extensive document that includes a project description, environmental baseline studies, impact assessments, environmental management plans, reclamation plans and information regarding Tahera's extensive community consultation record. The final environmental impact statement was prepared based on feedback received from regulatory agencies on the draft environmental impact statement. The regulatory agencies, including the Nunavut Impact Review Board, the Nunavut Water Board and various federal authorities, will now conduct a thorough review of the final environmental impact statement submission. The review period is expected to last a minimum of 60 days. The review period will be followed by a series of public hearings conducted in several Nunavut communities. Tahera is optimistic that the public hearings will be conducted during the second quarter of this year. Tahera is very encouraged by the continued support, indicated by key Nunavut stakeholders, of the company's goal of developing the Jericho diamond project as Nunavut's first diamond mine. Tahera's goal is to receive regulatory approval for development of the project during 2003. Jericho diamond project The Jericho diamond project feasibility study (SRK Consulting (2000), Michael J. Michaud, qualified person) indicates robust economics for a diamond mining operation centred on the land-based Jericho kimberlite. The study shows that the project will produce three million carats over a mine life of eight years. Based on a modelled diamond valuation of $75 (U.S.) to $88 (U.S.) per carat for the Jericho diamonds, the gross revenue for the project ranges from $330-million to $390-million with an internal rate of return from 34 per cent to 50 per cent, respectively. The feasibility study indicates a capital cost of approximately $55-million for the project. The total diamond resource of the Jericho project was estimated by SRK Consulting to be approximately six million carats (indicated resource -- 3.7 million tonnes at 1.14 carats per tonne, inferred resource -- 3.4 million tonnes at 0.52 carat per tonne). Tahera is continuing to assess methods of financing construction of the project; consideration is being given to developing the project through a partnership with one of several diamond enterprises that have expressed an interest.

To: Chas. who wrote (533)	1/27/2003 8:38:36 PM
From: Rocket Red	Read Replies (1) \| Respond to of 16206

Mountain Province Diamonds Inc (C-MPV) - Street Wire Mountain Province: ignore at your peril, says Kaiser Mountain Province Diamonds Inc MPV Shares issued 49,116,070 Jan 27 2003 close $ 1.40 Monday January 27 2003 Street Wire by Stockwatch Business Reporter John Kaiser rattled off largely favourable comments on at least two dozen diamond stocks to eager investors during a 30-minute talk at the 2003 Vancouver Investor Conference on Monday, and a long-time favourite -- Mountain Province Diamonds -- was singled out for special praise. Mr. Kaiser said that if you want to double your money in the next 12 months, this is the one. The San Francisco-based letter writer, who has been writing about Mountain Province since the April 4, 1995, edition of the Kaiser Bottom-Fishing Report, said De Beers is not going to put anything into production with a project value of less than $500-million -- and De Beers still appears to have a great deal of interest in the company's Kennady Lake, Northwest Territories, project. "This could be a $5 to $10 stock," Mr. Kaiser says, noting that the market has assigned Kennady Lake only $200-million in project value. Mr. Kaiser recommended Mountain Province in December, 2001, at 62 cents; earlier buy tips were December, 1999, at $1.75 and February, 1997, at $4.31. In December, Mr. Kaiser told subscribers that a comparative assessment of microdiamond distribution curves indicates the Hearne, 5034, Faraday and Kelvin kimberlites all have high diamond grades in the 1.5- to 2.5-carat-per-tonne range, but cautioned that his oft-repeated buyout speculations are subject to Hearne and 5034 bulk sample valuations. No such cautionary statements were evident in his Monday talk. In his conference preamble, Mr. Kaiser noted that while Canadian diamond production is currently fifth place in an $8-billion market, he foresees Canadian production increasing to half the world's production in the next 20 years. "Just about any of the companies (mentioned in his talk) fair to good value from an exploration standpoint," Mr. Kaiser said. (c) Copyright 2003 Canjex Publishing Ltd. stockwatch.com old url (better for printing)