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Gold/Mining/Energy : Canabrava Diamond -- Ignore unavailable to you. Want to Upgrade?

To: m.philli who wrote (906)	3/21/1999 3:14:00 PM
From: Diamond Daze	Read Replies (2) \| Respond to of 2402

Looks as if they gave us a hint....the deposit should average .225 carats per cubic meter = $ 31.50 per meter (conservative). We have 40 square kilometers of diamond bearing terraces at 2-12 feet...so call it 4 four average (conservative) So that should be 64,000,000 cubic meters (if I did my math right) so that looks like $2,016,000,000.00 US dollars gross...if the costs are $5.00 per meter that would put the entire costs of the project at $320,000,000.00 that would leave a net profit of $1,696,000,000.00...Now if we can figure out how much material they can process on a average day then we should be able to get a clue of how many years it will take to process the sites. With that we should be able to get a average cash flow to each company and the estimated life of the project....Since Baines gets 10% they may have to operate for that percentage.....DD