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

To: BUDDY MOYNIHAN who wrote (2395)	7/31/1998 11:33:00 AM
From: Chad Barrett	Respond to of 5206

Buddy, Thank you for the response... I hope that you are able to get some more concrete info on the "details" soon.... I know everybody is anxious to hear the "official" word The 30 tonnes is obviously not anything even remotely close to an "agressive" attempt by the JV to prove up the economics of a pipe (or pipes) I seem to recall somebody saying something about at least a 100 tonne bulk sample being required to get a good picture of the economics of a kimberlite pipe... (not that I'm an expert on this topic though) I guess that leads to the question of whether or not you meant 30 tonnes total drilling from 3 pipes (10 tonnes each?).. or 30 tonnes from EACH pipe (90 tonnes total) I think i already know the answer to that though, considering how cheap the drill program will be this year. This small amount of drilling "again" this year seems to indicate to me that either the JV is dragging their heels (a possibility considering that deBeers is probably in no hurry to have another diamond mine in Canada.. yet...) or the JV isn't completely convinced that the pipes are looking to be economic yet. (I personally believe that this is just a case of our big JV partners dragging their heels... if this was being run by a small-fry like KRT they would have hyped the crap out of the fact that they were going to do a bulk sample to test for the economic feasibility of the pipe.. and then did a PP to cover the costs... then they would have done it... (blowing out their options on the run-up no doubt!)... and then....... either the pipe is economic and we all win... or it isn't and the ride ends..... ..... the big boys have a longer time frame in mind... unfortunately... Hopefully this years drilling will give some results that are noticeably better than previous results... that would be the key for me to think that the partners might finally make the final move to see if we have a mine.......

To: BUDDY MOYNIHAN who wrote (2395)	8/4/1998 3:17:00 PM
From: Maher Sid-Ahmed	Read Replies (2) \| Respond to of 5206

Hi Buddy: Since you are in contact with David Stone could you find an explanation as to why the share price is going negative on us again. It seems average joe's prediction was close to the mark (he predicted $0.25 - it is under $0.25). I beginning to believe that DS does not have the ability to carry out even a simple task. He may have bough a lot of shares but he does not seem keen on promoting the company or doing anything else. If insiders are buying than why is it not announced? I think we are missing something. Maher