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

To: WillP who wrote (2629)	3/13/2005 4:08:46 AM
From: tahera	Read Replies (1) \| Respond to of 16206

WillP, Tahera is getting a better rate than that. Is interest at LIBOR + 5% a set price with MPV, or a 'standard'? Just curious, as Tahera's getting LIBOR + 2 or 3% if I recall on any Tiffany's money. (the mine is mainly built with cash as your know and have written about. Dilution was the price to pay to maintain 100% ownership and independence, but I, for one, think it will pay off in spades soon, once investors wake up to all the small companies, taking their money to chase the motherload instead of actually finding anything economical and being constructive and building a revenue base.) I think Tahera would stand a better chance of a buyout than MPV ever would, as Tahera has many more assets and now a mine under construction. Just the fact that they can get a profitable running mine is worth tons in this country. And as 'some' ladies say, size doesn't matter, it's what you do with it! Always something to be said for getting the initiative to go about things on your own! Only way to ever become big in the business is to grab the bull by the horns in my opinion, otherwise you'll always be a follower or coattail rider, instead of a leader. Speaking of Bull Will, I like the Bull the CMKX pumpers are posting on your latest KRT Streetwire. I guess from all the CMKX pumping right now, they are preparing for a major internal dump if the SEC in the US actually gives them an extension to file some paper BS to cover their NR BS!

To: WillP who wrote (2629)	3/13/2005 6:02:29 AM
From: Chas.	Read Replies (1) \| Respond to of 16206

Hi Will, you have set it out in a very straight forward manner...I dont see any potential bidding war, the economics dont show a potential for it. ((However, there may be a propensity for large carat, high value diamonds in that ore...only DeBeers knows for sure...)) I agree with you that the FS remains as a very important "priority setter" for the GK resource. I personally believe the GK will eventually be a DeBeers mine. The FS just may determine when.... also ...the FS will be a 100 page study that says one thing and the DeBeers 1 page spin on that report may be something entirely different....eh regards

To: WillP who wrote (2629)	3/13/2005 11:19:50 AM
From: The Vet	Read Replies (1) \| Respond to of 16206

WillP, my speculation was based entirely on the premise that DeBeers would hand over the marketing rights of that 36% in return for immediate payment and Aber financing their share of the mine in advance rather than the current arrangement with MPV. If that wasn't the case then I doubt Aber would be interested, for the reasons you point out, as a pure financial investment point of view (which is all it would be) it's actually pretty lousy!

To: WillP who wrote (2629)	3/13/2005 11:45:25 AM
From: james flannigan	Read Replies (1) \| Respond to of 16206

Will P, can't argue with your figures,but all these calculations have no bering if Debeers is correct in their long term forecast of diamonds doubling in the next 6yrs according to Dr. Vandersande.I also think that Aber would be interested in MPV at C$5.00 if they knew that the cash flow could support a C$ 15 to C$ 20 stock price in say 4 or 6 yrs.It would not be unreasonable for Aber to take up an equity position in MPV as we have seen with the likes of Newmont,Franco Nevada,and Tiffany on other projects.The one thing we must all keep in mind is if KL has US$3 billion soon to be US$6 billion of ore the mining costs will not change much,but the economics would put the mine in a world with Diavik in terms of IRR.I will go on record with John Kaiser the mine is far more valuable that most think. James