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Gold/Mining/Energy : Nuinsco Resources (NWI) -- Ignore unavailable to you. Want to Upgrade?


To: Tom Cat who wrote (949)2/19/1999 12:02:00 PM
From: Elizabeth Andrews  Read Replies (1) | Respond to of 5821
 
I meant that there's a differentiation going on in the raw diamond business with respect to prices. The smaller less than one ct stones are going down in price in real terms and the larger gem quality stones are holding the levels of the recent past. It's tough to make a case for the diamond business as a growth story while lots of supply is coming on stream. Diamonds aren't that rare but good kittens who need them and love them are.

The success of the Canadian explorationists is astonishing with respect to how fast they got up to speed on diamonds, the deposit types and how to find them. If I gave an impression other than this I apologize as I have nothing but respect for people who find mines. That is a rare talent.

Platinum and palladium are growth stories, however, and should be for some time.