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

To: tahera who wrote (2803)	4/6/2005 8:19:29 AM
From: james flannigan	Read Replies (1) \| Respond to of 16206

Tah is now where near the scale of the 36% interest that MPV owns in GK project. The projected cash flow from jerico is about $300m over the life of the mine.MPVs share of the US$4 billion GK deposit = about US$ 1.5 billion over the life of the mine.TAH has some 600m shares outstanding. MPV has 54m outstanding.The yearly cashflow for MPV is about US$ 100 million.The sugar daddy Debeers has to fund all of the construction cost of the mine.MPV will not have to issue any more stock to get the mine into production.We may have to wait for the slow moving Debeers,but the reward will be many times the returns jerico could ever provide.TAH is a good project.But we are talking ants to elephants here. James