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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: E. Charters who wrote (26651)	1/12/2004 11:34:17 AM
From: Salt'n'Peppa	Read Replies (1) \| Respond to of 39344

Just finished reading a book called "Diamonds - A journey into the heart of an obsession", which I got at chapters for CDN $8.99 (list $35). Excellent book. Very well written with lots of history into De Beers, Russian cartels, politics of all sorts, plus many anecdotal stories from small miners and history on many of the most famous diamonds. If you read this book, you all may be convinced that alluvial diamond operations far, far outweigh kimberlite mines for unearthing consistent quality stones. Nature has done much of the sorting for the miner already. I like Etruscan for their massive alluvial diamond reserves (they are up to 1 billion tonnes of diamondiferous gravels in their stable), for their very conservative management (which has, unfortunately, left them out of the limelight so the share price is not nearly as high as it should be), for their stable of high quality gold projects in multiple countries (lowers political risk). I forgot to mention that EET has only announced 12.3 million tonnes of resource so far, has proven their BFS numbers after a year of production, and has real revenue. I also like EET because Sprott securities decided to buy 25% of the company in an arranged deal that gave Sprott no additional warrants, options or special paper, just shares. Sprott also bought 20% of EET's dimaond partner, Mountain Lake Resources (MOA:TSX-v), in a similar "no frills" deal, which to me shows huge confidence in their diamond play. Sprott, if you do research on them, is a very conservatively run brokerage (unlike Can-o-corn!) and is rarely wrong. www.etruscan.com Cheers, S&P