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

To: George J. Tromp who wrote (1233)2/28/1999 2:51:00 PM
From: George J. Tromp  Respond to of 2522
 
Per the previous comments see press release dated Feb 24,
where Rex has stated that the Jig plant will arrive by April, and close
spaced EM on 20meter centers will be conducted over the next 3 months given 70sq km it is time consuming to say the least.
As well if you recall the initial EM surveys were flown on wider ranges,
the idea being to test larger areas under the asumption even one kimberlite target would indicate a possible field, as most usually do.
So thus drilling and or trenching will in all liklihood occur when the
20meter EM surveys have outlined the geophysical targets (refinement). If you doubt this fact please see Winspears closed spaced geophysics, Aber, Southernera and all the rest that conduct
these normal routine proceedures before sinking a drill holes.
Have a nice weekend
George



To: George J. Tromp who wrote (1233)3/1/1999 7:50:00 PM
From: Tom Cat  Read Replies (1) | Respond to of 2522
 
George,
What about financing the exploration?, does REX need to go for a pp or do they have all the money they need?. If pp will be required, what do you figure to be the price level ? (I would guestimate that 1.50 looks reasonable). If they do pp at 1.50, I would not be surprised that price then drifts back to 1.20....hmmmm, I'd better put my bid at 1.21, any sellers down there????
TC


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