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

To: m.philli who wrote (940)	3/25/1999 4:14:00 PM
From: Ross Dickie	Read Replies (2) \| Respond to of 2402

I spoke to PVF today. I had a call in to CNB aswell but Dan Innes isn't around right now. They were full of information. The Plant for the Alluvial Mine in Brazil is 1/2 completed and will be ready to roll in 3 weeks. Max capacity on this baby is 150 cubic meters/Hour and they plan to run two shifts on it. Sounds like a pretty cool unit no human hands touch the diamonds the gravel is sucked in and lasers look for the diamonds, when one is found it is some how shot off into a lock box. Apparently this is the same technology that Diamet is using to prevent theft.:) $$$$$$$'s There seems to be lots and lots of confidence in Baines & Co. from their past work in Angola and in PFV's words Baines knows what he is doing. Apparently Baines is so confident that he expects to build 4 plants in the next year down there.....:) The reason we haven't had details (results from WAWA) is because Dr. Moore has been away on holidays. He is back and a News release with drill results can be expected next week (wed or Thurs). Another reason for the delay on this news is they just finished Staking another 200,000 hectares? in the Rocky Island area. (man we have a crap load on ONT soil staked) There may or may not be a production schedule with the News Release. :) As for Brazil - apparently Dr Moore made a trip down with a couple of majors recently and rumor has it one has signed on and we should see news on that soon aswell. :) On the negative side all of PVF's other properties are in a holding pattern. Copper is still to depressed in price and while concreting the drill hole in Texas the pipe colasped and the hole is now dead.... It was found to be defective pipe and PVF's now has a lawsuit in place to try and recoup drill costs to start again. They had found natural gas and were preping the hole for production. it took nine months to drill that frigging thing to 25700ft. The law suite will take some time and then 9 more months of drilling to get 7% of the project..... :( That's what I know.... Hold on I think the ship is leaving