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Gold/Mining/Energy : SOUTHERNERA (t.SUF) -- Ignore unavailable to you. Want to Upgrade?

To: Confluence who wrote (2616)3/25/1999 10:10:00 AM
From: PHILLIP FLOTOW  Read Replies (1) | Respond to of 7235
 
Confluence,
Here is apart of a story from Nando net. It should be noted that Namco does not market through the CSO.

16% increase in diamond prices

March 24, 1999
By Tabby Moyo

Windhoek - Namibian Minerals Corporation (Namco) has announced a 16 per cent increase in the price of
diamonds per carat over the last quarter. Releasing results of Namco's recent diamond sales, Chairman and
Chief Executive Officer Alastair Holberton said 51 325 carats had raked in US$7,8 million (about N$47 million)
in revenue at an average price of US$153 per carat.

The price for the previous quarter was US$132 per carat. Namco is the world's second largest marine diamond
producer and holds concessions in Namibia and South Africa.

Holberton said the higher price achieved during March reflected the inclusion of a quantity of larger sized
stones of two carats and above and "a further appreciation in the price of diamonds across all sizes and
categories." He added that production during the first quarter of 1999 continued to exceed expectations.

(My emphasis added.)
PHIL



To: Confluence who wrote (2616)3/25/1999 2:43:00 PM
From: VAUGHN  Read Replies (2) | Respond to of 7235
 
Hello Confluence & Gord

Do I sense some edge of chair impatience on the thread? HB expected out of the bush this evening. IAR have not been called by SUF yet but were not called in advance of the last NR either. Sonic drill off to Margaret Lake very soon if not already, so assuming that diamond drill targets have been or will be shortly established on Munn.

Hang in there.

Regards


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