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

To: Grant Baker who wrote (2733)	9/17/1998 5:15:00 PM
From: average joe	Respond to of 5206

Cameco does not have to pay anything! As a matter of fact they will stall things 'til they can sell their FALC interest. They hate Fort a'la Corne with passion. What company out there is stupid enough to buy the remaining interest? over and out - aj

To: Grant Baker who wrote (2733)	9/17/1998 5:58:00 PM
From: Grant Baker	Respond to of 5206

Would someone please tell that fool to get his facts straight! KRT paid 100% of exploration costs until they "earned" their original 25% stake in this play. After that all partners pay their share. Uranez subsequently reduced their share to 10%, with the remaining 3 partners splitting the other 90% equally. So now Uranez is out altogether and Cameco owns a 40% share of FALC. It may very well be that Cameco does not place a high value on diamonds (or base metals for that matter either), since the company is after all, first and foremost, a uranium producer. But to imply that the company has no interest what so ever in FALC is stretching the truth of the situation just a bit. Par for the course, as far as that source of information is concerned! Assuming for a moment that Cameco is as dissatisfied with FALC as our resident spin doctor implies, Cameco could easily walk away from the project anytime they wanted to! Why don't they? It must be because there is is something of value there after all! If Cameco were to walk away, that would mean that KRT and Monopros would then each own 50% of the project. In that situation KRT would likely find it much easier to raise cash and carry forward with the development of FALC. In the past there was lots of speculation that it was Monopros dragging their feet on the timely release of information, etc. - maybe it was Uranez and Cameco, not Monopros. Just a thought, based on the (unfounded) assertion that Cameco is as dissatisfied with FALC as is being implied. By the way, if Cameco really is stalling the process, they are only hurting themselves in the long run. Stalling development will only lower the value of the property, not add to it. Any first year business major knows you get more for an active company (ie property) than an inactive one when you try to sell it. Where is the logic in that? Enough silly chit chat - time to get back to work! Grant.