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

To: Leigh McBain who wrote (1039)	11/18/1998 4:19:00 PM
From: bill	Read Replies (1) \| Respond to of 2514

That was a terrific response from B. Sure helps to make this tyro understand more about the cost of overburden management. I've never seen it explained so thoroughly before. Yes, it would be interesting to know if there are significant differences in diamond/gold mining. I think, though, one needs to keep clear that the comparison has to be gold strip mining/diamond strip mining gold hard rock mining/diamond hard rock mining My understanding from following the NWT diamond play is that diamond mining is less expensive under their conditions because kimberlite is a relatively benign waste. It doesn't contain significant amounts of acid. You end up with what is a large amount of sand. Of course, where you are operating with heavy overburden, you have a different situation. As B. says the Alberta situation does not provide nice carrot shaped pipes like in the models. Atthis stage, as investors, we just have to putthe stock in a drawer and wait. The process is always slower when people are learning as they go. When diamond exploration was beginning one of the problems was that people kept trying to apply the SA model. Didn't work. They had to start and build up their own. They're ahead inthe NWT in that regard. Steep learning curve. Alberta's in the same process. We need smarts, knowledge and luck. Smarts I think we've got, knowledge is coming and luck--well,we can all buy our favorite charm.