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

To: Letmebe Frank who wrote (1818)	2/10/2004 10:35:02 AM
From: Letmebe Frank	Respond to of 16203

DSEL posted this finanacial analysis of TAH: This is some DD on that I did on TAH. I gathered some info from the Tahera website and did a future earnings calculation/ valuation. This info was taken from the www.tahera.com website. Total Resource= 7,100,000 tonnes @ 0.84 cpt Mineral Reserve= 2,600,000 tonnes @ 1.2 cpt Total carats produced over 8 year mine life= 3,115,000 carats Operating cost /carat= Cdn$56/carat Total project capital= Cdn$65,403,000 Diamond valuation= US$92/carat (WWW modeled diamond valuation) No. of shares fully diluted= 547,600,000 From the above info can calculate the following: Operating cost /tonne= (Cdn$56/carat x 3,115,000 carats)/2,600,000 tonnes= Cdn$67/tonne at 1.30 exchange rate equates to US$51.61/tonne Total project capital= Cdn$65,403,000 at 1.3 exchange = US$50,310,000 US$50,310,000 amortized at 10% interest over 8 year mine life equates to annual capital recovery of US$9,160,944/year. At an average mining rate of 2,600,000 tonnes/8 years= 325,000 tonnes per year the capital recovery equates to US$9,160,944/year / 325,000 tonnes/ year = US$28.18/tonne So cost/tonne= US$51.61/tonne + US$28.18/tonne= US$79.79/tonne Kimberlite value = US$92/carat x 1.2 carat/tonne= US$110.40/tonne Earnings calculation: US$110.40 - US$79.79/tonne= US$30.61/tonne earnings US$30.61/tonne x 325,000 tonne/year= US$9,948,250/year earnings US$9,948,250/year x 1.30= Cdn$12,932,725/year Cdn$12,932,725/year / 547,600,000 shares= Cdn$0.024/share Trading at 10 times earnings share price= Cdn$0.24/share TAH currently trading at Cdn$0.56/share stockhouse.com

To: Letmebe Frank who wrote (1818)	2/10/2004 12:11:19 PM
From: jrhana	Read Replies (1) \| Respond to of 16203

The listing for SUF is I believe somewhat deceptive because I believe most of the market cap is related to their SA platinum deposits. I know russwinter loves it for the platinum and could not care less about the diamonds. I believe EET and SGF also have significant non-diamond plays as well as a few others. I guess there is no real good way to dissect out the diamond valuations.

To: Letmebe Frank who wrote (1818)	2/12/2004 7:32:05 PM
From: Letmebe Frank	Read Replies (2) \| Respond to of 16203

Ive added Navigator and Strongbow, as I read WIll's wire, and found them worthy of "the CDN Diamond Stock list", as I've decided to call it. MTX, with that huge budget, could eventually put out a stock-poping NR. It's a buy under 2.00. GEM is unfairly getting beat up. With DeBeers involved, I hope it doesn't slow progress. THere are some great picks for 2004 winners in that list! . 02-12 YTD MktCap.(mil) 2004 Budget . Close Change 02/12/2004 Aber Diamond ABZ 45.85 -2.5% 2,564 9,000,000 SouthernEra SUF 5.27 -1.7% 384 5,000,000 Tahera TAH 0.435 52.6% 191 Mountain Province MPV 2.57 0.8% 172 Etruscan EET 2.47 14.4% 136 Stornoway SWY 2.83 53.0% 156 8,000,000 Ashton ACA 2 35.1% 136 9,000,000 Shore SGF 1.74 -8.4% 75 Metalex MTX 2.22 -5.5% 49 12,000,000 Kensington KRT 1.14 21.3% 59 Diamondex DSP 1.14 40.7% 53 5,000,000 Shear SRM 0.98 55.6% 40 6,000,000 Twin TWG 0.32 -20.0% 29 GGL GGL 0.415 -11.7% 27 Diamonds North DDN 1.39 27.5% 31 5,000,000 Pele Mountain GEM 0.395 -10.2% 16 China Diamond CDC 0.32 28.0% 15 Band-Ore BAN 0.48 -7.7% 15 Arctic Star ADD 0.67 -1.5% 15 Majescor MAJ 0.27 -6.9% 8 Dunsmuir DVV 0.42 42.4% 8 Int'l Samuel SAZ 0.27 54.3% 6 Dios DOS 0.41 -5.7% 4 Caldera CDR 0.16 -11.1% 10 Sudbury Contact SUD 1.6 -15.8% 44 Navigator NVR 0.41 0.0% 15 Strongbow SR 0.49 -21.0% 28 DeBeers ?? 30,000,000