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Gold/Mining/Energy : De Beers: DBRSY -- Ignore unavailable to you. Want to Upgrade?

To: Chas. who wrote (24)	9/26/1998 9:50:00 AM
From: average joe	Respond to of 87

DeBeers grand plan is to market the majority of the worlds diamonds wether they mine them or not. Also,I'm not so sure that DeBeers would have mined the same kimberlites that BHP is going ahead to mine in the NWT. DeBeers obviously has the best general knowledge about the business and are more cost proofed with these types of developments. Obviously their loss is DeBeers gain. A lot of the Russian experts who looked at the NWT results all had the same opinion. Never in a million years would you mine such small kimberlites in that harsh type of enviroment. Mining a small cluster of pipes, sitting beneath lakes in an arctic desert is not cost effective. We'll see.... over and out - aj