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Gold/Mining/Energy : Kensington Resources Ltd. (V.KRT) * Diamond in the rough! -- Ignore unavailable to you. Want to Upgrade?

To: maxed who wrote (3062)	11/26/1998 9:17:00 PM
From: average joe	Read Replies (1) \| Respond to of 5206

You're talking to yourself again eddy, you really should get some help. I guess the writing is on the wall for the FALC venture. Lucky that DeBeer's never walks from it's projects, sad that it will take millions and millions of dollars to maintain the ground in good standing every year. Cameco and Uranerz are effectively gone. All spending is shared by DeBeers 50% and KRT 50%. The money KRT raised this year won't meet 1/3 of the goverment required expenditure for 1989. When they enter year ten of the claims next year (1999)the required cash assessment doubles. We all know how talkative DeBeer's is and how much they like to share the good news. I don't think you will now hear any news. The KRT interest in the project will be diluted to zero if they can not raise the millions needed just to meet minimum requirements. over and out - aj