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

To: Leigh McBain who wrote (1063)	11/24/1998 7:45:00 PM
From: Mr. Oil	Read Replies (3) \| Respond to of 2514

Leigh, you echo my sentiments exactly. The ADP is certainly not dead. Good results from ACA or any other player would turn up the interest level substantially. I am staying with this as I believe there is a very good chance Alberta does host a significant volume of economical grade diamonds. The number of kimberlite pipes already discovered but untested along with the outstanding yet undrilled targets by many of the area players will maintain a substantial amount of market interest and speculation for at least another two years IMO. If good results come during this time the ADP will have a great chance of producing a mine. Results in Canada outside of the NWT will ensure that we will be well recognized as a world diamond producer. >>I think many have gotten a little carried away with the significance here. << There is no doubt the market was expecting good results from K 19 and the drop in price today reflects the fact that a substantial portion of the share price of ACA had already taken in to account a good result. Consequently we have dropped back to a truer value for ACA. In my opinion this is a good place to be getting into the ADP as the speculation factor just got hammered down a bit. Since I had only a small position in ACA I am now offered a good opportunity to build my position. Something I intend to do. Take Care! Ray