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

To: Letmebe Frank who wrote (2231)	1/4/2005 6:05:21 AM
From: Salt'n'Peppa	Read Replies (1) \| Respond to of 16205

LMBF, you have scratched the surface of the potential within MOA. You are right in that they have a low grade, low tonnage (for now) operation in S.A. What you didn't mention is that they have have 25% of 7 concessions, one of which is currently in production. This will be reduced to 12.5% once TransHex earns in to the JV. They also have 25% in about 40 other properties in the area, all with proven diamondiferous gravel runs. In all the EET-MOA JV is sitting on over 1 billion tonnes of resource. They will have a second property in production this time next year and will shortly announce a vast increase in the throughput of the current Tirisano diamond mine. The Rand has been holding them back, which I believe is the main reason MOA is available so cheaply right now. Once the Rand begins to weaken, you will see that today's MOA price also represents a currency hedge. :-) The Valentine Lake gold project in Newfoundland is coming along by leaps & bounds. They have Richmont as a JV partner and are fully carried in this project through to production. They have somewhere around 500,000 oz proven up so far and still climbing. Valentine Lake is a very high grade play. I can't help you regarding including EET & MOA on your list, but I do say that they should both be considered as a part of your portfolio. The above represents significant cash-flow, reserves and potential for a 20MM share company with zero debt and a $15 million market cap! Go to www.lionshares.com to see who the institutional investors are. You may be surprised! As always, do your own DD. Regards, S&P