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

To: Zeev Hed who wrote (3246)	1/28/1999 2:15:00 PM
From: average joe	Read Replies (1) \| Respond to of 5206

The strange thing about diamond mining is that nobody knows just how many large stones are needed to make diamond mining cost effective except DeBeer's. A mine was put into production in Lesotho "see Rise and Fall of Diamonds, by Epstein" that had poor diamond counts by standards used today. However, every now and then they would turn up a large quality stone that made all the empty tonnage worth while. Small diamonds mean nothing because they can be made artificially, geochemistry lies, all that counts are big stones, if there those elusive big stones with the tonnage in place at 220, DeBeer's I'm sure would have every incentive offered to develop a mine in Saskatchewan. aj

To: Zeev Hed who wrote (3246)	1/29/1999 3:03:00 PM
From: maxed	Read Replies (1) \| Respond to of 5206

Hi. Zeev. Picked this off another thread. The U.S. Department of Justice for years has probed the practices of companies linked to De Beers, which is prevented from operating directly in the United States. Instead, De Beers sells its gems to selected dealers in London and Switzerland who then pass on the gems to independent dealers in the United States. Does being a J.V. partner of De Beers mean that it could cause problems for KRT to say sell diamonds or raise money in the U.S. should they ever do have a mine?