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Gold/Mining/Energy : A CANADIAN DIAMOND HUNT -- Ignore unavailable to you. Want to Upgrade?

To: VAUGHN who wrote (902)	7/31/2003 9:00:01 PM
From: rdww	Read Replies (2) \| Respond to of 930

DB's victor pipe is between 0.25 and 0.40 cpt GEM's Genesis had a modeled grade from 4.5 t's of 0.30cpt and the actual grade was 0.11 cpt DB has a couple mines in op already around the world less than 10cpht - it comes down to the quality of the stones popping up Victor is gonna cost $700MM to get up and is targeted for'07 GEM has estimated cost per tonne under $10 CDN to mine IF GEM works the property and digs up stuff - could make DB follow instead of slow down the process there

To: VAUGHN who wrote (902)	7/31/2003 10:02:53 PM
From: Letmebe Frank	Read Replies (2) \| Respond to of 930

Vaughn, what I don't like about DeBeers is they have a world domination policy, and a world wide production strategy. DeBeers owners don't want to open a ton of new mines, when all they need is a few, and lock up the others. Heck, look at MPV today, DeBeers says they are going to do a study before the prefeasability study, thats before the final feasabilty study, then its regulatory approvals, etc, etc. Kennady Lake is 8 years from production. I would like to get more DNN and SRM. I will put my 22,000 GEM shares on the block. But I have to wait till the halt is off to do it. Looking forward to the Lakers! Do you catch them yourself? LMBF