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

To: .Trev who wrote (3381)	2/11/1999 4:49:00 PM
From: average joe	Respond to of 5206

Dot Trev, KRT has something you won't hear about on the WSP thread, TONNAGE. To incur $500,000,000 in costs you need tonnage that will take you past that you needed to incur to get into business. WSP would need to spend (incur) $500,000,000 to mine their deposit, the trouble is they only have 10 million tonnes at the most, at 10,000 tonne a day that deposit would be mined out in 2.7 years. If WSP had $500,000,000 in diamond in their little deposit it would not be feasible, they would need at least $2.5 billion. Further, a dyke cannot be mined in Arctic conditions as cheaply as described above. They would need to build a rolling mill over top of the dyke system as it was being mined. That would increase the cost ten fold, yes dot Trev, ten fold. The Kensington mine at location #220 would be mined out in 68.50 years at 10,000 per day. Are you still with me Dot Trev. Can you see the difference here Dot Trev? I know that KRT does not publish these numbers, but these my dear little friend ARE THE FACTS. aj