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

To: Terence Mitchell who wrote (2779)	9/23/1998 3:44:00 AM
From: average joe	Respond to of 5206

I never understood 'til tonight why KRT needed a new thread. As near as I can figure out it was due to posts like this... "to Larry Brubaker (3173) old thread from BUDDY MOYNIHAN on Monday, Feb, 10 1997 larry, you are missing many things imho but i will focus on the krt things your are missing.... first, of the known assets in china, dmw values them at $1.2 billion (50% interest means $600 million for krt). you value them at $250 million (125 for krt)... forgive me but i think the dmw calculation is probably a lot closer to the real truth (i have the benefit of seeing how little homework you do)... the china properties (15+ million carats are either in production or can be within a year) are producing while sask is at least 2 years away from production to be conservative... the 2 years represents a lot of stock dilution that doesn't need to be done now.. does it represent 30 million shares??? i don't know but probably not.... then you compare KNOWN to POTENTIAL....and you ask if you are missing something..did you ever think the china deal has the potential value of $17.6 billion?? there are 200+ kimberlite signatures over there.... you are putting so much faith into stockhouses' estimate but yet you still do not own the stock.... what are you missing??? a lot and ask this question around the time of the agm (in april) and you'll be able to add one more thing to the list... the run in krt's stock price. buddy" According to Buddy we are five months away from production at FALC - that should soften the China blow. over and out - aj

To: Terence Mitchell who wrote (2779)	9/23/1998 9:20:00 AM
From: BUDDY MOYNIHAN	Read Replies (2) \| Respond to of 5206

hello terence and all: terence - 2774 - "we" have made our bed terence and now we are sleeping in it imho... - dennis - 2776 - i get my patience and tolerance from the next button dennis.... more people should try it imho... - barber - 2777 - i promised myself that the next one wouldn't be until the pp was about to close. maybe i'll break that promise... - agiak - 2778 - the lack of news releases will continue. i hope you can control your excitement... ;-)) - p.s. as someone accurately pointed out we are at least 5 months away from production at falc. - buddy