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

To: Barber From Seville who wrote (2851)	10/12/1998 11:35:00 PM
From: average joe	Read Replies (1) \| Respond to of 5206

I'll discuss it on the new thread. People are tired and bitter by the lies and delays on this thread. Also, I don't feel like getting attacked right now. It's going to be pretty tough to turn people around and get them positive after the carnival that picked their pockets here. over and out - average joe

To: Barber From Seville who wrote (2851)	10/14/1998 12:30:00 PM
From: average joe	Read Replies (1) \| Respond to of 5206

Five pipes make up the BHP/Diamet mine in the NWT. Each pipe is let's say 25 million ton of kimberlite. What they have is a 10 - 15 year mine life with payback a third of the way (all things being equal). Saskatchewan kimberlites are in an order of magnitude ten times larger in volume even though the distribution is different, i.e. flat instead of conical. The highest grade of diamond in Saskatchewan has come from the small kimberlites, however, the small ones do not meet the criteria of the operator. The operator, wants (or wanted since they are long gone) a mine with a lifespan of 30-50 years. The parameter of the JV from day one has never been met, hit the large kimberlites with the drill, there are 4 or 5 monster size kimberlites and a couple of clusters, one near Snowden and the other along the White Fox River. The smaller targets on the periphery of the big pipes and two clusters have largely been ignored. The JV had a partner, that to the chagrin of you shareholders knows way too much for your sharholdings own good. A mine may be profitable here BUT NOT PROFITABLE ENOUGH!! I hope this meets the criteria that Mr. Rowe demanded in his last post. over and out - average joe