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Gold/Mining/Energy : MARUM RESOURCES ON ALBERTA -- Ignore unavailable to you. Want to Upgrade?

To: bill who wrote (989)	11/13/1998 9:41:00 AM
From: Jesse	Respond to of 2514

>>If profits outweight costs...<< You're right of course, it's just that much higher cutoff levels (minimum value per tonne & cpht) must be met for profitability if you first have to spend up to a $billion or two to get at it to then mine it! One correction pointed out: the posted piece reads, This is why we consider overburden in excess of ten metres to be excessive. Over 10 metres the Alberta disadvantage disappears and you are dealing with NWT or higher costs. - obviously that should have read, "The advantage disappears..." Have a great day! -j :>

To: bill who wrote (989)	11/13/1998 3:07:00 PM
From: Mr. Oil	Read Replies (1) \| Respond to of 2514

Not to argue your point as I think it is very valid, however it would seem to me the message here is MMU is concentrating on areas with little overburden. No doubt value may still be found deep below the surface somewhere but the flip side of that coin is that less valuable sources of kimberlite with lower cpt will be profitable if there is little overburden. If MMU is able to find the source of the indicator materials discovered in the last years drilling program, little overburden will make it even sweeter. Finding diamondiferous kimberlite, should it occur, on targets with little overburden should raise the interest of investors as the cost of production will be lower and therefore chances of finding a minable resource greater. On another note, I am intrigued by the low volume trading and the firmness of the price. There are significantly higher sell lots than buy lots placed yet the price is remaining strong and trending up slightly. I take it that most shareholders are less likely to sell at these low prices when there is a renewing interest in the ADP and a new drill program on MMU land beginning in the new year. I think the down side risk at this juncture is very minimal and should it occur it would likely be very temporary. Just my thoughts. Good investing Ray the Reaper