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

To: james flannigan who wrote (2650)	3/13/2005 1:55:45 PM
From: james flannigan	Read Replies (2) \| Respond to of 16206

Will P for full discloser by your writings, I would assume you hold no MPV or CFV stock.Would you care to answer a yes or no with the rest of us? I do hold MPV stock it is the only diamond stock I own. You seem at times to think the deposit not economic.Am I off base here? James

To: james flannigan who wrote (2650)	3/13/2005 2:24:28 PM
From: WillP	Respond to of 16206

Will I love to chat with you. And I with you guys. But you sometimes have to have the vision to see what others can't.Risk is part of the game. Yes, it is. Managing risk is the key to success. Quickly admitting when you may be wrong and adjusting your course is also key. I don't buy diamond stocks any more -- or any stocks -- because I no longer have to. My retirement plans are set, thanks to diamonds and the fact that my three main buys in the 1990s paid off. A lesser-known fact is that I once said, in the late 1980s, that I had probably crapped more diamonds than there were in the NWT. Oops. A few years later I was betting the ranch I was wrong. The FS IOM is all about hog wash. Well, I don't think there are many pig farmers moonlighting as mining engineers. [grin] There is always a moving target and future risks that a FS can't foresee,To build a foundation, you have to dig a hole first.The FS is the shovel, not the concrete.If you doubt your judgement you loose your nerve,you make no money.Billion dollar deposits are very hard to find.The trick is to be able to reconize it the way big money people can like Jim Pattison or Dermitt Desmond.It is not all that hard if you step back and watch the big picture.With billions of dollars at stake the big money men will make or break KL.We can debate the value of KL till hell goes cold.Only the last diamond mined from the deposit will confirm the value not some rubbish FS,that is only to please the bankers who could't tell a diamond from an ice cube James Well, the guts of a prefeasibility study is the heart of a mine plan. You can't have a mine without a mine plan. You can't come up with the cash to build a mine, either from bankers or investors, without a firm grasp on the likely revenues and costs. See the flaps that surrounded the Diavik prefeasibility and feasibility studies. Investors and bankers demand those answers, and they better be firmer than pig slop. Regards, WillP