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

To: WillP who wrote (4794)	11/24/2006 9:02:47 AM
From: james flannigan	Read Replies (2) \| Respond to of 16205

Attention WillP. James Allan & Associates spoke this week at the 2006 World Diamond Conference in Perth. Highlights are 1) diamond production to be US$ 11.3 billion in 2010. 2) demand to grow by $1 billion per yr over the next 5 yrs.3) short fall in 2008 of US$ 3 billion to be fully evident by 2010.So much for your prices "can't double in the next 10 yrs".Your forecasting is not in line with most of the worlds diamond experts.The value at GK of your model of $4 billion becomes at some point in the future becomes $8 billion.That is were I think Debeers is counting on a better RR,and could be the very reason that GK was developed at a snails pace,because time is a friend of GK as long as costs rise slower than prices. James