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Gold/Mining/Energy : REX DIAMOND MINING TSE:RXD -- Ignore unavailable to you. Want to Upgrade?

To: reg who wrote (1155)	2/13/1999 10:49:00 AM
From: George J. Tromp	Respond to of 2522

Hello Reg: I havent broke down the numbers, but just glancing at the first results they look impressive. If you recall, that Diamet has to repay to BHP the first 300mil in construction costs at Ekati, this could affect earnings per share, havent really looked into it lately. The real money was made in this issue before BHP stepped up to the plate and advanced 500mil to buy into the project. Just as Rex is in a similiar situation, should multiple fields or pipes develop, this company will become a target for a major to have a stake in owning, especially those that are serious in the diamond business Regards George