To: Claude Cormier who wrote (838 ) 3/16/1999 8:55:00 PM From: whisky Read Replies (5) | Respond to
Claude Comparing winspear and CNB is tough. Both have excellent potential. I own a litle WSP and am holding for the results of their 6000 ton bulk sample due out this summer. However, in my opinion CNB is still a steal at these prices. Prior to the big selloff in the markets a year and a half ago. You would have had to pay 3.50 for this stock. That is about the average price of all long term shareholders of this stock are in at. It has been a great opportunity to purchase some CHEAP stock the last year. It has been trading in limbo waiting for Dr. Moore to show us the way. That direction is now surfacing. Debeers has found what they believe to be a very spectacular pipe in Brazil right next to our claims. That is not public yet, and I will let either Debeers, CNB or someone else tell you the story. But I know it to be true. They have confirmed over 130 diamondiferous pipes in Brazil and over 200 high priority targets in Ontario. I was told that the problem inBrazil was that Teck was sampling the wrong areas of the pipes. Although they have recovered excellent mineral chemistry from samples of all these pipes. I think they just finally realized that diamond mining was stretching their knowledge and understanding of evluating a kimb/lamp pipe. However Dr. Moore does know this field of exploration better than anyone in the world. How many people do you know that have headed up four major diamond projects and has successfully proven up each one to the point that they are now full blown mines. That's Rory Moore, for reference there were 2 in South Africa, Argyle in Australia and BHP/Diamet [Ekati] mine in the NWT. Not bad for a man in his early 40's. This guy eats sleeps and breathes diamonds. I'm sure every diamond company in the world would love to have this man at their helm. I know I am. Anyways besides Rory, they have excellent mgmt, that is only focused on proving up their projects not there stock price, one takes care of the other in time. Brazil is about to get very hot after debeers tells their story or ties up as many worthy companies down there as they can. Rumors have suggested that Debeers have been seriously wooing the guys from CNB. However, there are risks with reporting procedures with Debeers and I know for a fact that these guys do not want anymore snags or delays in Brazil. So if they can work out these arrangements beforehand they may be the company of choice. If not then they will choose a company that will aggressively pursur the opportunity as they want it done. My prediction is that they will do a deal with someone they feel has the same timeframe and focus as them. Hope that helps clarify your preception of the stock price. I always recommend you do your own DD, but don't take to much time or you could be paying conciderably higher prices.
