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Gold/Mining/Energy : Caldara's Diamond CDR,M -- Ignore unavailable to you. Want to Upgrade?

To: STUART who wrote (147)	3/19/1998 2:44:00 PM
From: jason shepherd	Respond to of 303

Stuart, I would be pleased to provide you with more information. I am the representative for the company. I may be reached in B.C Canada at 250-717-1910. I look forward to discussing any questions in which you have. Sincerely Jason Shepherd CCC Creative Capital Corp. N. American Corporate Development Caldera Resources Inc.

To: STUART who wrote (147)	3/19/1998 3:21:00 PM
From: darra	Read Replies (1) \| Respond to of 303

Stuart, I am very much an amateur at this, but I have found out a few important points. There are 2 perhaps equally important points to keep in mind re diamond mines. I don't think there is an order of importance. 1) A phrase iI have heard is "one diamond mine is worth 100 gold mines," There is much truth in that comment. Two of the largest pipes (kimberlites) are in Botswana. The Orapa pipe has been estimated in gross value at US$27 Billion. The Jwaneng pipe has been estimated at upwards of US$86 Billion. These are extreme cases. Perhaps a typical example might run only between US1 Billion and US$10 Billion. I think the principal point here is that some percentage of a real diamond mine is a huge amount of money. 2)The flip side of the above is that getting from here to there, i.e. from a "maybe" piece of ground, to a flow of diamonds coming out, is hugely expensive. Only very deep pocket companies have the resources to make a diamond mine happen. Large portions of a billion dollars may need to be spent on the process. If one accepts the two points above, then it seems to me that having a deep pocket partner is a foregone conclusion, if one is to get to a diamond mine. The only issue is the fairness of the agreement. The Abminga prospect seems to me an extraordinary piece of ground. There are upwards of 250 potential kimberlite/lamproite pipes here. 15 of them are drill proven as kimberlite; one of them as diamond bearing. Surely others are diamond bearing as well; the only way to tell is drill, drill, and sample, sample, sample. The way I see it, Astro has come along and said,"you've done well, lads. now stand back, and we'll see if we can turn this into a diamond mine. If it is, you're along for the ride. If it's not, we are both wiser but poorer, but at least we know there is no diamond mine here." An example of a company that went through this process is Dia Met Minerals (DMM.B/Toronto). They found a mine in the NWT, in which they now enjoy a 29% interest. Their stock has traded to $66. and is now trading at about $27.75. I will be happy to see my 25 cent CDR shares retrace that path. You might want to take a look at the Dia Met website, especially the history page. It is very informative. Here is a link. Hope this all helps a little bit. diamet.com Cheers Michael