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Gold/Mining/Energy : Kensington Resources Ltd. (V.KRT) * Diamond in the rough! -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (1571)	4/12/1998 12:25:00 PM
From: Manjacake	Read Replies (1) \| Respond to of 5206

Per Walter's comments, two years of inefficent markets, have already valued this "potential".

To: Zeev Hed who wrote (1571)	4/13/1998 2:13:00 AM
From: Lilian Debray	Read Replies (2) \| Respond to of 5206

Zeev, doesn't a conspirator have to be a whiz at doing his own math? <VBG>. What do you think of the following? Conservative scenario - Assuming the minimum diamond value of US$50/ct or CND$71.50, cost of CDN $15/tonne mined and milled based on a 40,000 tonne/day operation and US$ = CND$1.43 Kim# Estimated mass[T] () ct/T CND$/T Profit/T Profit/day Profit/life of kim 145 200 000 000 .55 $39.32 $24.32 $972 800 $4 864 000 000 176 45 000 000 .36 $25.75 $10.74 $429 600 $483 300 000 Reasonable scenario* - Assuming the medium diamond value of US$75/ct or CND$107, cost of CDN $15/tonne milled based on a 40,000 tonne/day operation and US$ = CND$1.43 Kim# Estimated mass[T]() ct/T CND$/T Profit/T Profit/day Profit/life of kim 145 200 000 000 .55 $58.85 $43.85 $1 754 000 $8 770 000 000 176 45 000 000 .36 $38.52 $23.52 $940 000 $1 058 400 000 220 87 000 000 .25 $26.75 $11.75 $470 000 $1 022 250 000 () Out of 34 kimberlites containing macrodiamonds, only a handful to date have had enough volume drilled to make estimates of grades. Kimberlites are very close to each other and often overlap. Estimated mass probably depends on how the kimberlites are defined from each other. At the rate of 40 000 tonne/day, it could take 23 years working 350 days/year to mine and mill just those three kimberlites.