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 : Diamonds in Alberta, Ashton, Pure Gold, Montello, New Cla -- Ignore unavailable to you. Want to Upgrade?

To: Jesse who wrote (538)	4/3/1998 4:38:00 PM
From: Famularo	Read Replies (2) \| Respond to of 822

Sometimes I wonder if it were not for these online forums, some newsletter writers would not know where to get some of their information they print. We do the work and they consolidate, make it look pretty and publish.

To: Jesse who wrote (538)	4/4/1998 3:12:00 PM
From: Leigh McBain	Read Replies (1) \| Respond to of 822

I do not wish to have this post taken as hype, but there is another player in the Alberta diamond play that gets very little coverage. They do get mentioned fairly regularly, just that their name always gets left out. There have been a few comments about Marum and them currently flying "other" properties nearby their JV property with Carib. The company they are JV'd with, on the other property, is Micrex Development Corp. (MIX.ASE) and the preliminary aerial work done on this property suggests it's potential for kimberlite is as good as anything else in Alberta. Similar to the currently drilled property, there is little or no overburden and the property is accessible later into the season as well. One other item of note here is that Micrex is also moving on a project in the Crow's Nest Pass area of South-Western Alberta. This other project has the potential to fund any work they may need to do on the diamond play, without having to worry about any further stock dilution. It is a magnetite deposit (product used in coal production, as well as sponge metal, etc.) and recent projected earnings have been as high as .40/share which equates to over $4M net earnings. The company has already secured LOI's from 14 area coal producers who are interested in doing business once they are on line. Currently much of magnetite being consumed is being brought in from the Minnesota / North Dakota area and for that reason Micrex has an upper hand in costs FOB the customer. The company's web site can be found at mixcorp.com and there is a thread here on SI as well: Subject 10413 IMHO they appear to warrant a look, if you are into this particular area play, and seem to offer solid diversification at the same time. Salut, Leigh McBain