Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Trump's 12 Diamond Picks, Discussions Limited -- Ignore unavailable to you. Want to Upgrade?

To: reg who wrote (167)	1/4/1998 6:50:00 AM
From: George J. Tromp	Respond to of 2251

Hi Reg: Diamet production is a year down the road for Diamet Aber at best is 2001. The following is referenced from J.Haineys research report., dtd Dec 16., 97. Each time a significant producer has come on line in the last 30 years production has been absorbed into the market place with little impact. The Russina Siberian field in the 60s Bostswana Orapa in 71., Jwaening in 82., Argyle in 85. All 3 plus Zaire are the top 4 producers. The Russian have been leaking sales into the market for years nothing new there. Some of the older producers in S. Africa are expected to close over the next few years due to exhaustion of reserves. The current reserve position at the Argyle is only about 5 or 6 years., they account for 36% of world production. Also let me throw this in which is not part of the Haineys research but I believe we still have a strong market in the US growing around 6% a year. The important aspect going forward is DeBeers controls 70% of the market. The reserves at Argyle will be dwindling., and quite frankly I believe DeBeers will use any excuse in creating the image that the market is flat., due to their long range goals which is to control. Create a downdraft in share prices., and accumulate. Just some thoughts. There is no doubt some Asian sales have dropped but it sure seems coincidental. George