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

To: james flannigan who wrote (2582)	3/6/2005 5:53:42 PM
From: james flannigan	Respond to of 16206

JOHN KAISER made a 20 min presentation at the show in Toronto and said MPV is a $5 stock because Debeers needs the high quality stones from Kennady Lake because of a severe shortage in rough stones.He said diamond prices are going to double in 6 yrs.That would be about the time that the mine would be in its first or second year of production.IMO this would have a robust cash flow as we are now talking the value of the KL pipes at around some $8 billion.As I have always said MPV is another Ekati. In theory the 0 discounted shares of MPV could well reach $40.00 at time of production.This would be a conservative 15 times earnings.I was hoping for a buyout of MPV, but have changed my mind as Diamet and Aber got to full value for their shareholders.We can only hope that our stock gets too high for Debeers to buy out. always do your own DD James.