To: Barry Smith who wrote (5710 ) 4/18/1998 1:32:00 PM From: George J. Tromp Respond to of 26850
Hello Barry:: As I recall Bisjhip was a late comer to SVB. In a seriousness., the first recommendation that I ever saw on Donner was from George Chelekis., the kiss of death..,the bullshit and barronless paper out of Florida. Next there was Peter the Great Grandich., who I seem to recall urged everyone to buy Afriore., dropped about 100% after his recommendation. These newsletter writers are quick hit artists., suck you in and blow you out like a candlle., most dont know where to start doing due diligence., and most rely on others for research. About the most sensible newsletter writer that I have come accross in the last 2 years is Sudhir Khanna., very balanced approach to Junior Mining. Maybe Sudhir and I ought to team up to cut the bullshit hypsters and unravel the truth behind these companies.. As far as Rex is concerned it is not too late., my projections are these: 1. Net asset value from 3 fissures ======= 3.00C 2. Net asset value from Sierra Leone ==== 9.00C allowing for 50% discounted for risk factor. 3. Net asset for Mauritania ============= 2.00C potential multiple kimberlite field. 52 kimberlite signatures on 1/3 of potential target area. CASH AND WORKING CAPITAL; 7.8Mil US., with 100% interest in all properties. QUALITATIVE FACTORS; CEO has been involved with diamond sales and a DeBeers sightholder., and 12 yrs ties to Sierra Leone., and personally owns over 10,000,000 shares. QUANTITATIVE FACTORS; Currently producing gem quality large stones out of Bellesbank., profitiable and will finance future programs in Mauritania with cash flows and profits out of S. Africa. CURRENTLY NO DIAMOND PRODUCER OR EXPLORER: Can lay claims to 100% interest in a virgin ON CRATION claim block the size of Belgium and Holland combined. Nor can any explorer finance such an operation without continual trips to the trough i.e. dilutions. KEY FEATURES: 3.3 bIL ASSET PLUS with dyke system in Sierra Leone., plus potential blows., enlargements., and small pipes in the area. BONUS ROUND: Mauritania is a virgin mining area on the Regubat., which appears to be a mirror image geologically to the Mann Craton wihich hosts in value., 2nd to Botswana Africa., large gem quality stones. The claims are ON Craton where the liklihood appears that economic kimberlites will be large and as well setting the stage for a major economic discovery. So there it is Barry., Dont come back a year from now., sayings., I should have., I could have., but I didnt. On another front., Southernera appears to be at nibbling prices., long range along with Rex., and Aber., you cant go wrong. Sincerely George J. Tromp