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

To: Chas. who wrote (2509)	2/15/2005 9:17:01 AM
From: james flannigan	Read Replies (1) \| Respond to of 16206

Chuck,let get the facts strait.Debeers desk top study is that KL would cost C$600 million to build the mine.These figures will no doubt be revised up about 20% to C$720 million.The diference with Ekati and Diavik is that KL is only shallow,and the Pipes are only in about 15 feet of water.There has been about a 27% increase in rought diamond prices from the last desk top study,this should well cover any increase in costs as well as making up for the decline in the $US dollar.If KL is not economic to mine,then investors in SGF and KRT had better watch out.Remember Diavik and Ekati are producing revenue at about 30% over the FS.We may well see the same for KL. James

To: Chas. who wrote (2509)	2/28/2005 12:30:14 PM
From: Paul Bilecki	Read Replies (1) \| Respond to of 16206

chunky chuck i respect your opinions, but to say that debeers is scared...is a bit far tetched.. they bought snap lake... they bought into kennedy lake... they buy up high quality mines as the large stone market sets the market... they are paying for a feasibility study... on MPV/CFV property KL what is scarring them... the facts donot suggest this... they announced that they are going to the board to fund snap lake into a mine... maybe i am missing something..