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


To: Gordon Bolton who wrote (1773)7/18/1998 1:10:00 PM
From: Gordon Bolton  Read Replies (1) | Respond to of 7235
 
Further to my previous post, please view the following chart. $ per tonne is what matters and the M-1 will begin production this summer. 40% of this baby is worth more than 100% of the next best in the world. And SUF has recently announced that they are testing another pipe close by, which they own 100%. And the price went down!!
Keep on grousing guys, it creates some good buying opportunities!

World Diamond Mine League -- Value U.S.
$ per Metric Tonne*
Klipspringer M-1 Pipe (South Africa)
478
Aber-RTZ Diavik (Canada)
210
Jwaneng (Botswana)
139
Klipspringer Leopard (South Africa)
106
Udachnaya (Russia)
100
Dia Met-BHP Lac De Gras (Canada)
92
Venetia (South Africa)
78
Koidu Fissure (Sierra Leone)
63
Jubilee (Russia)
53
Letlhakane (Botswana)
50
Other fissure mines (South Africa)
48
Dancarl Fissure (South Africa)
45
Helam Fissure Mine (South Africa)
36
Aykhal (Russia)
35
Argyle (Australia)
32
Orapa (Botswana)
31
Finsch (South Africa)
31
Miba (D.R. of Congo)
31
Guaniamo Fissures (Venezuela)
25
Kimberley Mines (South Africa)
20
Premier (South Africa)
20
Koffiefontein (South Africa)
15
Namdeb (Namibia)
14
Williamson (Tanzania)
11
River Branch (Zimbabwe)
8
Kelsey Lake (U.S.A.)
6

*Best available estimates. Mostly after Terraconsult (Diamond International Jan/Feb 1996 and
Jennings (1995)).




To: Gordon Bolton who wrote (1773)7/18/1998 1:13:00 PM
From: DavidA  Read Replies (1) | Respond to of 7235
 
Hi Gordon, I didn't imply that DeBeers would give up there portion of the M1. The issue was in reference to a concern that DeBeers may stall and limit development of the M1. In such event a stipulation was defined within the contract, which states that DeBeers must proceed in mining the M1 in a period which does not exceed (4) months from the day in which the permit is obtained.