Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Salt'n'Peppa who wrote (2230)	1/3/2005 7:30:56 PM
From: Letmebe Frank	Read Replies (1) \| Respond to of 16205

S&P - I did some research into Mountain Lake Resources. mountain-lake.com Like many of the smaller diamond exploration companies, they have several non-diamond exploration projects on the go. However their one diamond prospect is 25% of a low grade, low tonnage alluvial project in SAfrica, the Tirisano Diamond Mine. No doubt costs are in Rands, which has pummelled all companies with projects in SA. 50% of the project is held by Etruscan, which is on my list. "The average grade was determined to be 1.51 carats per 100 tonnes (2.72 carats per 100 cubic meters) using a bottom cutoff screen size of 2 mm. The average diamond value is US$440 per carat from all diamonds sold to date from the controlled mining block. The average revenue generated to date per tonne is US$6.64. This compares favourably to the projected business model of 1.6 carats per 100 tonnes (2.9 carats per 100 cubic meters); a value of US$400 per carat; and revenue of US$6.40 per tonne." Cap => 19 mill shares at .77 ea = cap of $14.6 mill. S&P, do you see this company as having particularly good prospects? I'm thinking that I could add it, but MOA.V and Etruscan should perhaps not show up on a list of Canadian diamond exploration and mining companies. WHich makes me wonder how many public companies there are worldwide with diamond exploration as their focus, that also have results that indicate promiss of some sort. Any thoughts? LMBF