Hello Teevee: Just an overview using Dr. Rhombouts numbers.,
first your premise that Winspear could capture the large stone market
IMHO is full of holes. Have you not forgot the Nambed concessions
and 1.3mil carats per year of high gem quality stones., large as well.,
please see Rhombouts report. 285 US per carat., out of Nambia.
let alone the 1mil plus carats per year out of Sierra Leone., and
Guinea., averaging cumilatve around 225US per carat ., or have
you conveniently forgot the potential at Tongo Fields of 300,000 carats of 240US should it unfold in a few years., stone routinely
pass in the 300 to 400 US per carat range. So if you assume
3000 tons a day potential at Snap Lake., and to be perfectly honest
to assume a 301US carat per ton., in a multiphased system is high and you know it. Lets assume Winspear produces 1mil carats per year., seems to me Abers share would be 320,000 carats
am I not correct.? So that leaves Winspear at maximum production.,
which IMHO is 4 years out considering the enviromental concerns.,
the obvious permitting holdups., I see no threat to world market dominance by Winspear. The Russians have their counterbalance
with the Mir., and DeBeers has Nambed and the alluvials offshore
in the 225,000 carats per year., by namco., and various others.,
Sorry., I dont agree with your premise., if anyone is foolish enough
to believe that Winspear will be producing in 2 years time., they are
in for a rude awakening., and I say that with all due respect to Canadians some of which will tell you different. Do you think the
enviromental concerns that stood in the way at Diavik will be any
less of an obstacle for Winspear. Really dont care to hear the Yellowknifers say it will be easier because the facts dont bear it out
in history.
If you envision this delay a bonus for Winspear shareholders., the
market has read the event wrong. As I see it., it is a massive stumbling block for anyone doing business in N. America. For example
Ashtons chances for bulk sample success have been and eventual
economics has been dealt a severe blow., IMHO., any project there
will have to show robust numbers better than Aber., why., because
at any time DeBeers can ramp up Orapa., which they plan on doing.,
Do investors really think Ashton of Australia could afford to develop
Buffalo Hills.? I know the answer., and I think you do as well.
Thus far I have not seen one Canadian, post the enviromental problems which could unfold at Snap Lake. Anyone care to comment.?
Dont get me wrong here., I am bullish on Winspear long term., but
we are a hell of a long ways away from production., let alone
cornering the large gem market as you have alluded to on the
Aber thread and my own.
The only current potential for large stone deposits exist in Winspear
Snap Lake., which the company says may hold 3.1mil tons., Sierra Leone., and Namdeb., and Angola. The Nambed production and off
shore by Namco will put it well over 1.6mil carats.
INMHO., Teevee., you are manipulating the truth., in this regard.
I speculate on what I can see in black and white., and I doubt anyone in the world has more authority on diamond deposits than
Dr. Rhombouts., but if you can produce a counter position., lets have
it., I am all ears.
Sincerely
George J. Tromp
DCHRReport. |
