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

To: VAUGHN who wrote (2232)	1/4/2005 7:30:56 PM
From: brit2	Read Replies (1) \| Respond to of 16207

Well thought out comments Vaughn! I would also add CFV as having a similar appreciation multiple potential as MPV. Ted

To: VAUGHN who wrote (2232)	1/4/2005 7:53:47 PM
From: Famularo	Read Replies (1) \| Respond to of 16207

Hello Vaughn. Good to see your insight. I like your picks and am a supporter of mpv.. However, after that, Ashton is the second. Ashton's market cap will prove to be under valued by April 2005. I understand tonnage is a concern, but new discoveries and more drilling on the complex Lynx dyke will add to the Renard cluster. (Lynx may not have the grade to Snap, but may prove to have similar tonnage) Lets remind ourselves the infracstructure at Foxtrot is awesome and much was built for the once producing Eastman Mine.. ie... roads, power, etc...I've worked out a min of 20-30 million ton for Renard. Too early to tell, but look for the upcoming updates which will start to fill the pieces for the puzzle... Ashton is bulk sampling and is expected to accomplish 300 carats from a 600 t parcel. Markets do not believe or expect it will accomplish an average grade of 50cpht and a diamond parcel of 300carats. I'm confident it will. If you review the recent appointments made by Ashton, there is Ashton\Rio confidence the project is moving forward...If Ashton accomplishes the 300ct, with average grade of 50cpht, it's spending major dollars to move the project forward. Again, its early, all I'm suggesting is to monitor it. Rio needs to keep up with Debeers. As well, Jean Charest, prime minister of Quebec is watching and has mentioned Soquen\Ashton's project in Quebec. Based on some of the actions the Quebec government has taken, it is expecting to create 1000's of jobs. Still early, and a reason the stock has not reacted yet. We need new discoveries, expected grade from the bulk results and diamond valuations over 100.00. Winspear used to be at a buck and took off afterwards. My projection is Ashton will be the same, before Rio takes it private.... I've been telling many folks Mtx market cap was overvalued for many many months.. It is now at a range to consider, however, my sources are telling me Mtx is sitting on a potential complex dyke system, similar to the Lynx in Quebec... Both are on the same craton..... My bets are with Ashton to have Renard, Lynx and new discoveries, where it will drill near kimberlitic float it discovered on 1/2 dozen targets. My bet is a new discovery\cluster is possible this quarter on the Superior Craton. Once, my expectations are considered and proven, Asthons market cap will prove to be inexpensive....I agree, SWY is overly expensive, but well marketed by Eira and dad....Sooner or later, it must deliver, otherwise, it is coming down big......My grammar is crap, but wanted to share my insight.

To: VAUGHN who wrote (2232)	1/5/2005 9:34:42 PM
From: Letmebe Frank	Read Replies (2) \| Respond to of 16207

Hello Vaughn. I took some time to digest your post (no doubt you took some time to put it together!) and it summaries every influence on the success of an exploration play, except for one perhaps - luck. Your decision to "not consider any plays with principal diamond properties outside Canada ... because Canadian/US investors simply don’t reward them" is true for the most part. I certainly see it with my SDM southernera diamonds holding. When I read point "5. Some plays are managed and/or significantly owned by well recognized names who have previously found economic Kimberlite (pipes)" DSP & MTX came to mind, but not SRM. Maybe you can fill me in on that one. Re Point "7. Some plays have targets that do not appear to be on any previously identified craton (cool thick, undisturbed mantle root zones)" Other than DVV's exploration of targets in the states, nothing came to mind for me. You however had tied this poit to MTX. I wonder why? I was certain point 8 was directed at TWG: "Some plays have interesting even exciting economic deposit potential, however management either has little to commend it and/or has its focus elsewhere". My first thought for point 9 was it fit ACA, but you may have been thinking of DDN? "9. Some plays have dikes as their principal resource while others have one or more small pipes making economic deposit more difficult to establish". For point 11 "Some plays are nearer to well developed infrastructure than others and/or are able to be explored/developed over more than just a few months of supportive weather". My first thought was GEM, but in retrospect I guess SRM might fit the bill somewhat. But from what I have read of the Victor pipe, infrastructure is a big concern, as there are no roads into the JBL's. Last year I had posted the feasability study for the victor pipe, and it was discussed at length in the report. I did a quick look for it and I didn't find it, but I did find these references: www.dumontnickel.com/PDF/MetVen_TechRep.pdf debeerscanada.com "The mine will be supported by winter road access (February and March) for major consumables, which will be stored on site and distributed as required. Perishable and emergency consumables will be shipped year round by air. Personnel will be transported to the site by air with pick-up stops at the coastal communities and Timmins." Point 13 was likely refering to SRM, and maybe DSP - I don't think MTX could qualify. "Multiple coincident mag/EM (and/or gravity) +2 to +8 hectre pipe targets immediately up-ice of outstanding mineral geochemistry trains, will be drilled later this spring or summer" Who is currently drilling "Multiple coincident mag/EM (and/or gravity) +2 to +8 hectre pipe targets are currently being drilled immediately up-ice of outstanding mineral geo chemistry trains"? "15. Kimberlite fragments and/or boulders have been found and proven to contain outstanding G10’s and/or high micro and/or macro diamond counts" - Does this apply to SRM and DDN? 16 is clearly MTX, but you tied it to SRM - slipup? "Near large circular mag/EM targets, RC cores have been pulled containing thick green Kimberlitic clays, Kimberlite fragments, Illmenites and/or excellent quality G10 pyropes exhibiting kelphitic(sp?) rims and several micro or macro diamonds" Vaughn, I didn't know who has "17. From several large circular targets, deep Kimberlite cores have been pulled exhibiting numerous large eclogitic nodules, little country rock and numerous obvious large pyropes (and/or diamonds :-)" Care to share? DDN on VI? DDN?: "18. Ten to fifty kilogram RC Kimberlite samples have been tested and found to contain micro/macro diamond count ratios suggestive of potential for diamond grades similar to operating and/or developing Canadian mines" DDN for sure: "19. Ten to fifty kilogram Kimberlite samples have been tested and found to contain the occasional or more than occasional yellow, pink or blue fancy macros…" MPV: "20. A mini-bulk sample produced 1,000 to 25,000 carats examined by an established firm of diamontaires(sp?) who assigned a preliminary generalized value of approximately $75/carrat or better" TAH? "21. A Feasibility Study is near completion and/or a Water Licence and other permitting has been issued" RE: "22. A major will be making a takeover offer for a junior or a buyout of one of its properties that has proven to offer excellent economic potential…:-)" Do you think it will happen before completion of a prefeasability study? If so who, or just wishfull thinking? SWY, SRM, DDN, GEM - more? "23. And some plays are managed and/or partnered with major diamond miners who don’t make a habit of speculating in lost causes…" So your short list is MPV, MTX, SRM, DDN and A gamble on CD (which I will add to my list). It's great that you took the time to clearly explain your reasoning for your choices, and I agree with it. I have a positionin SRM & DDN, and would like to add some MTX, but without some real results it will hover under a buck. I would add GEM to a short list of undervalued plays for its diamond and gold potential. Even TWG is likely got more upside than downside. Its Atlanta property should slowly add to its cap. Well times run out again. Take care... LMBF

To: VAUGHN who wrote (2232)	1/7/2005 8:39:37 AM
From: kidl	Respond to of 16207

Vaughn: MTX closed their financing. Took only a couple of weeks but no wonder ... They now have around 6.5 Mil in the bank. How long do you think this will last? Regards, kidl Metalex raises $3.59-million in flow-through financing 2005-01-06 15:20 ET - News Release Mr. Peter Gregory reports METALEX VENTURES LTD. ANNOUNCES PRIVATE PLACEMENT FULLY SUBSCRIBED Metalex Ventures Ltd.'s private placement announced in Stockwatch on Dec. 23, 2004, was fully subscribed. Subject to TSX Venture Exchange approval the company will issue 3,985,399 flow-through shares at a price of 90 cents per share to raise $3,586,859. Charles Fipke, the chairman of the company, subscribed for a total of 1,111,111 shares ($1-million).