To: DIAMOND JIM who wrote (6440 ) 10/31/1998 11:42:00 AM From: Famularo Read Replies (1) | Respond to
>>>If our RC grades on K14 hold Frank we should see at least 165 ct if a full 450 tn were processed. My gut tells me over 200ct will be caught by the sieves yielding 50-60 ct/100tn. Some of the holes were quite rich. Any stones over 5ct will add a lot of momentum. In addition I don't think there is any doubt this is a real pipe. The decision to proceed to a major bulk sampling, which will cost millions of dollars and the decision to proceed to the valuation phase . It is possible that if the counts are impressive and the carats need to get valued, the decision to proceed will be delayed until early winter. The valuation takes approx. 2 months. During this time, the stock will be going up like crazy as people expect that a 5000 ton sampling just drastically reduced the chances of failure. It is also possible that the results from 2000-5000t bulk sampling will also be part a pre-feasibility of a commercial mine. Therefore, if anybody reads into this and is willing to take a risk, the next month will be the time to buy the stock before it goes back to higher numbers. Also, if my memory is correct, Ashton hinted that K14 has commercial economic potential but required further exploration, which is what they are doing with 450t. The higher the sample, the higher the possibility. Ashton is extremely conservative and would not indicate on record the potential of this pipe if they know a little more of the geology then most. Some posters and lurkers keep forgetting the logistics of Alberta. Operating Costs of extracting and producing diamonds is way cheaper than other places in the world, including NWT. No lakes, most key roads are built due to oil companies spending money decades ago, different laws, different climate.etc, lots of more points. Point being, it is still early to stake victory but the next round of results can position investors a year closer to a successful project. This week should continue to see strength on the stock mostly from people who know a lot about the potential of this project. These interested speculators/investors can drive the stock up a good dollar from current prices, without even generating the volume to attract attention to the play. Upon the K14 update, if the results are great, the stock will attract many new players and money and drive the stock back to $5.00 in no time until the valuations are out. If news is not acceptable and Ashton puts K14 on its shelves, similar to K91, we will go back to the $1.00 average range. Happy Investing!
