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Gold/Mining/Energy : Donner Minerals (DML.V) -- Ignore unavailable to you. Want to Upgrade?


To: 1king who wrote (6823)8/22/1998 12:18:00 AM
From: donkeyman  Respond to of 11676
 
Mr. Iking, Dia Met in the NWT will have the first Diamond mine in North America, the Diamonds are to be cut in the area.!!!! I understand Dia Met share value jumped from $0.50/sh. to $50.00/sh. in the first two years after hitting Diamonds in the early 1990's. Any comments on Major General,they have a few irons in the fire and their kimberlite results from the DeBeers lab should be out in the next 10 days.



To: 1king who wrote (6823)8/23/1998 11:07:00 PM
From: VAUGHN  Read Replies (1) | Respond to of 11676
 
Hello 1king

***OFF TOPIC***

I hardly qualify for that handle 1K. SUF will probably not be drilling on those CAV & MIY Yamba Lake claims until at least February or March, so unless you are confident MIY will not go even lower before Nov. or conversely you are concerned they may actually rise on some of their other activities, I would not be too bullish for awhile.

Its hard to imagine CAV getting any lower, but then management there is just as likely to pull the rug out from under you and sell those claims off to some inside interest for a $1. Be cautious with that group.

The far safer play on those claims and for all their other properties, is SUF. Well down from its high of $21 and producing the goods in increasing quantities.

If I recall, DiaMet's best pipe runs some $120+/carrat. In very rough terms that probably translates into an average stone that would retail for between $2,000 - $3,000 per carrat. Ekati opens in Oct. and DMM.B is also down about 29% from its 52 week highs. The down side on DMM is the volume. Everyone just buys and holds it for the eventual appreciation and royalties.

There is probably more upside with ABZ on an annual spring exploration cycle share spike. Four years until their mine is up and running and lots of blue sky. Second or third highest value/tonne ore in the world if you discount small deposits like SUF's M-1.

Regards