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

To: rdww who wrote (903)	7/31/2003 9:54:13 PM
From: Letmebe Frank	Respond to of 930

At the PDAC I talked to GEM, and they had a picture of a field diamond "plant" that they said they had full control of and could start running samples through at will, looking for the diamonds. Not sure if I got the story right, but I saw an edge there, being able to process ore in the field, albeit in small quantities. I need to understand how these diamonds were emplaced. If you understand it, help me here. Even at PDAC, I asked, and I got the impression you had to be a Geologist before he could properly explain it, so he put it in laymans terms, and I still didn't get it. Is it related to that big asteroid that made the Sudbury nickel belt? Whats the deposit look like? If a kimberlite pipe looks like a carrot, what does what Wawa has equate to? I remember that the diamond bearing rock is super old, about 2 billion or so. Could be many surprises. Patrick Evans of Southernera said there would be a mine in Wawa. Lets see. Well I bought GEM due to its low market cap relative to viable projects. I'm in at 27 and looking for 50 tommorow. Wishfull thinking? Heck, being in bed with DeBeers may even result in a selloff!! But the value is there. LMBF

To: rdww who wrote (903)	8/1/2003 11:52:38 AM
From: VAUGHN	Read Replies (1) \| Respond to of 930

Hello rdww "Quality of the stones" is certainly a factor and by that I presume you mean colour, clarity and crystal form, however average carat size, availability of cheap power and trained/motivated labor should also be very much in your equation. I believe it will be safe to assume that if DB's partners with GEM through to mine development, DB's, not GEM will be the operator, and just as predictably, nothing, absolutely nothing GEM has to say or scream is going to make the slightest difference to DB's regarding the speed of the process. DB's is now in the cat bird's seat, just as they are at Kennedy Lake and Fort a La Corne, and they will or will not advance the Wawa project according to their own strategic needs, time table and economic modeling exercises. Don't look for major advances over the short term, that has not been DB's MO. Good luck. Regards Vaughn