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

To: VAUGHN who wrote (732)	3/12/2003 8:03:17 AM
From: E. Charters	Read Replies (2) \| Respond to of 16207

I did look at TWG's diamonds and they appear to be fairly resorbed but high clarity (There is some frosting, but that will come out with cutting, in general, it is VSI ice from first glance. Not doubt they were picked stones. They do say that their quality is even from small to large stones.) -- and have few inclusions. They are also good size. Projected grades for larger samples peak at .5 carats per tonne. Average I did not look closely at as samples and area are murky on this go by. The kimberlites are fair size and few impediments to getting at the meat exist. With larger sampling they may well be economic. It depends on feasibility. The Atlanta gold project is changing horses to a degree but that is what gold price and the investor interest indicates. You cannot dicatate your direction until fully funded, unless you want to be an impecunious idealist. St Andrews goldfields is trotting out an impressive display of reworking of Timmins geology and redoing anomalies by data collation electronically. It has been done before, but perhaps not so comprehensively. They bagged many claims south of the Porcupine Destor fault. They do not appear to have the standard prejudice of the companies exploring there for 70 years. This may prove fruitless as it has in the past. It is not going with where the gold is being found which is still your best indication as it has the most work and positivity. You need positivity in this buniness as it is too expensive to be exhaustive. Many, many companies and many good stories. This may be a sleeper time for the Canadian exploration industry. I won't go wild and I won't be a bear either. Few will get mines going. That is why I aim square at a feasible mine with Wildcat. This may happen now, if I can get funded and remain focused. Despite the denial I get as usual, it remains the fastest track mine I can conceive. I spoke to a guy who I used to work for who worked there 20 years ago. He said "you guys want a lot of money". I told him "6 million is not a lot of money.. go on.." But he remained serious. Since 1904 his company must have spent 2 billion on mining gold. Capex amounts scare people. It is not that uncertain, really. Lydia diamonds remains ebullient despite the departure of the "amateur" Von Anhalts. I dunno. Imagine them finding a huge mine. It underscores the fact that you really don't have to tell the truth to everyone to get money in this business. It's like liberal politics. All it takes is getting the money or the votes. Once that is done you can do what you want. EC<:-}