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

To: jrhana who wrote (927)	6/10/2003 7:56:20 PM
From: Letmebe Frank	Read Replies (1) \| Respond to of 16204

Hello JRhana: Heres an excerpt: "Despite the initial enthusiasm, the hopeful geochemistry will not automatically translate into toutable diamond counts. There have been several examples of promising indicators failing to lead to significantly diamondiferous kimberlites, despite years of trying, including programs at Yamba Lake and MacKay Lake in the Northwest Territories, although the Ekati and Diavik mines must be considered geochemical success stories. The Thunder kimberlite was intersected at a depth of about 11 metres, and the drill was still in kimberlite at a depth of 87 metres. Meanwhile, the Lightning kimberlite is about six kilometres to the north of the first find. The target was the first of many prospective targets that could be drilled, and Shear and its partners plan to test at least 15 of them in the coming weeks. They could be waiting for diamond counts from a cluster of Churchill kimberlites by summer." It's good to see finding pipes can still excite the market, but it will take some good macro's to really light the fire. There's time to get in IMHO. It's still gambling buying Shear. It sure is great when a gamble pays off, and those of you in on Shear congrats! Excuse me JR, but have you been investing in diamonds for a long time?