To: VAUGHN who wrote (1426 ) 10/23/1998 6:48:00 AM From: George J. Tromp Read Replies (1) | Respond to of 2251
Thanks Vaughn., and especially maintenance for your valued number crunching., havent had time to look over your figures in detail., but will pull them and study them. Yes., Bill where is the ol grizzly bear these days., must be busy teaching prospecting classes. In reference to Donkeymans inquires., I do like Major Generals results thus far., considering they have found diamond bearing pipes., and knowing the nature of the business., that more pipes will be found., on a price basis., probably a very sound speculation going forward. S. Voisey Bay never captured my imagination being a diamond investor foremost., yes DeBeers found 4 diamond bearing pipes on Victoria Island., with nice macro counts., which was reported by me sometime back., believe last Winter on the Winspear thread., or thereabouts. Having just returned from out of town., will digest some the posts., but again thanks to all participants., I think we are developing a very nice thread for the information gatherer. Vaughn., what might be the status of GMD since the Farrel Financial problems of last year.? Just a brief note., looks like the diamonds are starting to move up., activity on a price basis in both Mountain Province., Rex., Winspear., Southernera., In regards to Tomatos question., which Maintenance has responded., I think I recall in the late 70s., and early 80s raw investment grade diamonds reacting very well in an inflation enviroment along with gold performance. Someone had asked previously if I thought the tonnage had tripled at Snap Lake., lets put it this way., the story is getting better with each passing drill hole., and I stand by my comments made earlier., that a very large system of kimberlite is being developed at Snap Lake., with or without a pipe., I have felt comfortable that 4-5mil tons was evident with the early drill hole parameters., however as the dip is extended and N strike., it is apparent that these numbers will not be static. I as well feel Aber is grossly undervalued., and those selectively buying at these prices will be rewarded in the future when the 2nd diamond mine in the NWT unfolds. Going back in time., I recall Aber trading in the 5.00US range even before a calculative resource was inferred. When A-21., was discovered., and the announcement of the 154S intercept the stock was trading at over 6.OO US. I will take these gifts anytime the market wants to present them. Sincerely George J. Tromp