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Gold/Mining/Energy : SOUTHERNERA (t.SUF) -- Ignore unavailable to you. Want to Upgrade?

To: VAUGHN who wrote (780)	3/30/1998 4:40:00 PM
From: Goalie	Respond to of 7235

Hello Vaughn: Thank goodness I am not alone -- my mind plays tricks as well...Vaughn, welcome to the "silverthread" club... BTW -- thanks for the info on Angola and Black Lake/Munny L ... I feel things are a-sizzling... like the temp in T.O.! What an end to the month of March! Nothing personal, Vaughn, but hope it stays freezing in the North! Regards. Goalie.

To: VAUGHN who wrote (780)	3/30/1998 11:41:00 PM
From: Stox	Read Replies (1) \| Respond to of 7235

Hello Vaughn and all - OFF TOPIC - I have lurked on this thread and learned from Vaughn's comments and analysis of diamond stocks. I was wondering if someone could offer comments and/or comparative examples at previous stages of diamond plays to the following (any and all comments appreciated). I apologize in advance for intruding on this thread. I just thought this was the best place to come to broaden my diamond knowledge. If anyone objects then please send me a private message. Here's some rough facts: * Located in Canada; * Roads and other infrastructure in place to minimize costs of development; * the 3 largest and most successful kimberlite pipes have estimated mass of 336, 87 and 45 million tonnes each (they have many others which have been tested to various degrees); * 1997 drilling of 130 tonnes resulted in 31 macros (>1mm) in these 3 pipes; * Grades for these 3 pipes ranged from 0.03 to 0.07 cpt in '97 samples * Est. average carat price of macros in the $80 - $100 USD/ct range; * 720 macros (>1mm) have been recovered to date; * 69% of macro diamonds recovered to date are of gem quality, with another 20% "near gem" quality and 11% industrial grade stones. I am particularly interested if the 69% ratio gem quality is encouraging or meaningful. I need help sorting through the hot air and facts. Bottom line I see is that until grades are higher on larger samples I really don't know anything. Here is the complete NR and company: Message 3893366 thanks in advance stox