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

To: average joe who wrote (2400)	7/31/1998 2:37:00 PM
From: aristotle	Read Replies (2) \| Respond to of 5206

average joe ,are you saying switch KRT positions into War Eagle positions?That would double the position in the Saskatchewan play according to today's prices.I can't lose twice of nothing.

To: average joe who wrote (2400)	7/31/1998 3:18:00 PM
From: maxed	Read Replies (1) \| Respond to of 5206

Hi. Joey. I see you now believe there are diamonds in Sask. " Well I got into two Saskatchewan diamond stocks this a.m. WEM and GWG. WEM was trading less than KRT when I bought and it is now over the price of KRT, a 1/3 increase in one day. I think it will do the same on Wednesday." Today Wem is .16 and GWG is .08. Smart move.

To: average joe who wrote (2400)	7/31/1998 4:38:00 PM
From: Chad Barrett	Read Replies (1) \| Respond to of 5206

AJ, The report I was referring to was NOT based on an extrapolation... the references to it possibly being economic to mine, etc. were based on an extrapolation. The actual diamond values per carat were based on actual stones Luc Rombouts was sent. I believe the figure varied between $50-$100/carat'ish in a few of the pipes (based on drilling so far). Everything beyond that is an extrapolation.... ....... and yes, any stones that are just over 1 mm in 2 dimensions would be quite small after being cut. However, you see such diamonds in jewelery all the time... Sure they aren't the big center piece stones for an engagement ring.... but I have seen tons of rings, necklaces, bracelets, pendants, earrings, watches, etc with numerous smaller diamonds in them. Heck, part of our per carat price probably included "industrial quality" diamonds too.... but so what! ... if the whole deposit was just industrial quality but there were enough of them... it could still be economic to mine. The bottom line will be how the whole equation fits together. $/carat value of the diamonds, carats/tonne, and cost/tonne to mine.... A little over simplified, but that is basically what matters in the end.